DTRT Health Acquisition Corp.
DTRTU
NASDAQ Capital Market10.30
USD
- -
- -
CIK
0001865537
ISIN
US23344T2024
CUSIP
23344T202
Return %
Stock
S&P500
1Y
2.80
18.21
3Y
1.98
63.29
5Y
1.98
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mark S. Heaney
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1415 West 22nd Street Oak Brook IL United States of America 60523
- IPO Date
- Sep 2, 2021
- CIK
- 0001865537
- Website
- dtrthealth.com
- Similar Companies
- Business
- DTRT Health Acquisition Corp. is a special purpose acquisition company (SPAC) focused on healthcare, particularly home- and community-based healthcare services. The company targets innovative service providers delivering medical care including home health, personal and private duty care, home-based therapy, adult day care, medical transportation, pediatric health, facility-based community services, healthcare IT and software services, care management, behavioral health, staffing, medical devices, and health and wellness programs. Founded to facilitate mergers or acquisitions within these healthcare sectors, DTRT operates primarily in the United States. A key recent development is that DTRT Health Acquisition Corp. entered into a definitive merger agreement with Consumer Direct Holdings (CDH), a leading self-directed in-home personal care network operating across 14 states with 35 locations. The deal, announced in September 2022 and valued at approximately $681 million enterprise value, aimed to create a publicly traded company named Consumer Direct Care Network, Inc. This merger intended to leverage CDH's agreements with state Medicaid agencies, Veterans Administration providers, and other government and private payers, targeting aging-in-place and self-directed personal care services. However, this merger was terminated in early 2023, leading DTRT to announce plans for liquidation and dissolution in accordance with their charter. DTRT Health Acquisition Corp. raised significant capital through its $230 million initial public offering in 2021 to fund potential healthcare mergers. The company is led by CEO Mark Heaney, former president and CEO of Addus Homecare Corp. The company’s strategic focus remains on identifying and acquiring healthcare businesses that provide cost-effective, preferred alternatives to traditional facility-based care, with a strong emphasis on value-based care and consumer-directed service models. Despite the termination of the Consumer Direct Holdings merger, DTRT's stated business intent includes pursuing opportunities in healthcare sectors characterized by home- and community-based services, healthcare technology, and care management. Its operational headquarters and business registration are in Delaware, with primary activity focused on the U.S. healthcare market and strategic acquisition targets aligned with ongoing trends in aging populations and personalized healthcare delivery. In summary, DTRT Health Acquisition Corp operates as a healthcare-focused SPAC specializing in home- and community-based care and healthcare technologies, with recent major developments including a terminated high-profile merger with Consumer Direct Holdings, positioning the company for dissolution absent a new business combination.