2 New Healthcare SPACs Worth Adding to Your Watch List

Unless you've been living under a rock, you know that special purpose acquisition companies (SPACs) are, for the moment, the trendiest way for healthcare companies to go public. When a business merges with a SPAC to go public, it gets the benefit of a meaty cash infusion, but it doesn't need to do the exhaustive paperwork required of an initial public offering (IPO). The trouble with SPACs is that you don't know what company's stock you'll eventually own when you first buy shares in the shell company.