2021 opened with a whirlwind of SPAC-triggered public exit activity in digital health. In this post, we share insights and analysis on how digital health’s SPAC boom will impact four different stakeholder groups, as well as implications for the entire ecosystem. Q1 2021 is barely wrapped, and public exit announcements in digital health have already far exceeded last year’s total. The vast majority (>80%) of this activity is SPAC-related and (agnostic to digital health’s corner of the private and public markets) the SEC is taking note. SPAC talk has infiltrated digital health airwaves, news feeds, and collective conversation. Opinions abound, but we’re not satisfied with mere speculation—we wanted to understand what the data had to say. Below, we share our analysis and observations on SPACs in digital health, and explore what they mean for sponsors, entrepreneurs, investors, enterprise healthcare companies, and the digital health ecosystem at large.