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Newport Beach Health Platform Excelera to Go Public

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Excelera DCE, a Newport Beach-based healthcare AI platform, said it plans to go public through a special purpose acquisition company.

Excelera, which began Jan. 1 this year, said it has entered an agreement with Future Health ESG Corp. and is expected to be listed on the Nasdaq under the new ticker symbol “XLRA.”

“After more than 20 years practicing as a cardiologist, I founded Excelera to deliver a new paradigm of senior care, informed by the latest medical and data science,” Chief Executive Dr. Sanjay Patil said in a statement.  “Rather than rationing access to care or avoiding high risk patients, our model actually embraces the opportunity to improve outcomes for the sickest and most vulnerable seniors.”

Excelera, which said its value is around $459 million, is a direct contracting entity, DCE, which has been set up as a relatively new model to control health costs.

 

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.

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