Viveon Health to raise $170M for spine, orthopedic device company acquisitions

Spinal Tech

Orthopedics special purpose acquisition company Viveon Health Acquisition on Dec. 4 filed with the SEC to raise up to $170 million in an initial public offering, according to Renaissance Capital.

Four things to know:

1. Viveon Health is a publicly-traded, developmental stage company targeting the spine and orthopedic device industry.

2. The company aims to raise $170 million by offering 17 million units at $10. The proposed deal would give Viveon a market value of $213 million.

3. Viveon CEO Jagi Gill is founder of two orthopedics-focused companies, Tenex Health and OrthoCor.

4. Viveon was founded this year.

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