The company is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands that seeks to identify and acquire a healthcare or healthcare-related business through a merger or other business combination. Operating with a pool of funds held in trust, the company leverages its management team and board's extensive experience in healthcare, finance, and capital markets to source proprietary deal opportunities in the healthcare sector, including life sciences, medical devices, diagnostics, and digital health services, targeting acquisition candidates with enterprise values between $160 million and $2.0 billion that have scalable platforms and strong competitive positioning. The company generates no revenues until completing an initial business combination and makes money through the value creation that results from completing a successful acquisition and the resulting public company ownership stake.