AI-Focused Healthcare Documentation Provider Augmedix Goes Private In $139M Deal
Portfolio Pulse from Vandana Singh
Augmedix Inc. (NASDAQ:AUGX) will be acquired by Commure, Inc. in an all-cash transaction valued at approximately $139 million. Augmedix stockholders will receive $2.35 per share, a 169% premium over the 30-day VWAP. The deal is expected to close in late Q3 or early Q4 2024.
July 19, 2024 | 3:31 pm
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Augmedix Inc. (NASDAQ:AUGX) will be acquired by Commure, Inc. for $139 million in an all-cash deal. Stockholders will receive $2.35 per share, representing a 169% premium over the 30-day VWAP. The transaction is expected to close in late Q3 or early Q4 2024.
The acquisition by Commure at a significant premium is likely to boost AUGX's stock price in the short term. The certainty of the all-cash deal and the premium offered provide strong positive sentiment for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100