Babylon Health to go private, leaving shareholders with no pay out

Babylon Health is finalizing its decision to go private by accepting a proposal to combine with MindMaze, a digital health company focused on brain health.

The proposal comes from London-based investment manager AlbaCore Capital Group, which secured a term loan facility for Babylon Health in November 2021. The transaction will not provide a pay out to Babylon’s shareholders, which is a condition of AlbaCore’s loan facility, according…