About Golden Pond Healthcare

Golden Pond was organized as a special purpose acquisition corporation (SPAC) and is issuing public equity to raise capital for the acquisition of a health care company or companies. Our founders have extensive experience starting, financing, acquiring and building health care companies and expect to play an ongoing role in the governance of the acquired company(s).

Our acquisition targets are most likely in the health care services, medical device or specialty pharmaceutical sectors of the health care industry. Our structure enables us to consider acquiring companies with an enterprise value of $150 to $500 million.

A SPAC can be an ideal vehicle for owners of businesses to sell some, or all of their ownership position. Transaction structures can include all cash, or a mix of stock, debt and the issuance of publicly traded stock in the surviving business. Additionally, Golden Pond provides sellers with a powerful team of experts to shepherd a business to new levels of success.

A SPAC provides a private company with the option of accepting stock and/or cash in a transaction, potentially avoiding or delaying negative tax consequences of a sale.  The target company is also able to immediately become a public company without the risk, expenses and time associated with the IPO process.  The time and effort required to complete an initial public offering via traditional means continues to grow.  In addition, many private companies are finding it harder to access capital due to disruptions in the credit markets.  By selling to a SPAC, the exisiting company retains its autonomy, and continues as a standalone business.  There is more likely to be a significant role for existing management than if the business had been acquired by another public company or a competitor.  For these reasons, the opportunity to become a public company through a transaction with a SPAC has become increasingly attractive and cost effective.

The SPAC model of financing is particularly suited for the acquisition of rapidly growing businesses, or businesses entering a turn-around period. It is also a very good vehicle for acquiring a “platform” business that is the first of a series of acquisitions of similar businesses. Such build-ups are greatly advantaged by use of the publicly traded equity as both a source of new capital and for issuance as part of an acquisition.