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Babylon , a world leading digital - first , value - based care company , announces plans to become a public company via $ 4.2 Billion merger with Alkuri Global Acquisition Corp. AG alkuri.com/press/babylon-a-world-leading-digital-first-value-based-care-company-announces-plans-to-become-a public - company - via - 4-2 - billion - merger - with - alkuri - global - acquisition - corp 3 Jun BABYLON , A WORLD LEADING , DIGITAL - FIRST , VALUE - BASED CARE COMPANY , ANNOUNCES PLANS TO BECOME A PUBLIC COMPANY VIA $ 4.2 BILLION MERGER WITH ALKURI GLOBAL ACQUISITION CORP . ● • The company has scaled at c.5x annual revenue growth in 2020 , and is expected to grow by c.4x in 2021 Transaction implies a $ 4.2 billion equity value for Babylon including an estimated $ 575 million in gross proceeds • Over 85 % of raised cash from new , institutional external investors , including strategic investor Palantir ( NYSE : PLTR ) Babylon Founder and CEO Dr. Ali Parsa will become Chairman and CEO of the combined entity ; an Alkuri Global representative will join the Board of Directors ● Babylon is a world leading , digital - first , value - based care company , covering 24 million people across four continents ● LONDON , UK and NASHVILLE , TN - June 3 , 2021 - Babylon Holdings Limited ( " Babylon " ) , a world leading , digital - first value - based care company , and Alkuri Global Acquisition Corp. ( NASDAQ : KURI ) ( " Alkuri Global " ) , a special purpose acquisition company , today announced that they have entered into a definitive merger agreement . Upon closing of the transaction , the combined company will operate as Babylon and plans to trade on Nasdaq under the new symbol " BBLN " . The transaction reflects an initial pro forma equity value of approximately $ 4.2 billion . The transaction is expected to close in the second half of 2021 . Babylon was founded in 2013 , with the mission to put accessible and affordable quality healthcare in the hands of every person on Earth . Babylon is poised to re - engineer the $ 10 trillion global healthcare market to better align systemwide incentives and shift the 1/10