Filed by DTRT Health Acquisition Corp.
pursuant to Rule 425 under the Securities Act of 1933
and deemed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: DTRT Health Acquisition Corp.
Commission File No.: 001-40774
Date: October 20, 2022
Consumer Direct
Holdings, Inc. Announces Filing of Registration Statement on Form S-4 in Connection with Its Proposed Business Combination with DTRT Health Acquisition Corp.
MISSOULA, MONTANA, October 20, 2022 Consumer Direct Holdings, Inc. (CDH or the Company), a leading provider of
self-directed in-home personal care, and DTRT Health Acquisition Corp. (DTRT) (Nasdaq: DTRT, DTRTU, DTRTW) a publicly-traded special purpose acquisition company, announced today that a
registration statement on Form S-4 (the Registration Statement) has been filed with the U.S. Securities and Exchange Commission (SEC) by Grizzly New Pubco, Inc. (New Pubco),
a wholly owned subsidiary of DTRT, which contains a preliminary proxy statement/prospectus, in connection with CDHs previously announced proposed business combination with DTRT. The Registration Statement provides important information about
DTRT, CDH and the proposed business combination, but the Registration Statement has not yet become effective and the information contained therein is subject to change.
On September 28, 2022, CDH entered into a merger agreement with DTRT. The business combination is expected to be completed in the first quarter of 2023,
subject to approval by DTRTs stockholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. Following the business combination with DTRT, New Pubco is expected to be renamed to Consumer
Direct Care Network, Inc. and its common stock and public warrants will trade on Nasdaq under the symbol CDCN and CDCNW, respectively. The transaction values CDH at a pro forma enterprise value of approximately
$691 million.
About CDH
CDH is a leading
national provider of self-directed in-home personal solutions, primarily focused on non-medical personal care for long-term aging and disability clients. CDH provides services under agreements with state
Medicaid agencies, federal Veterans Administration providers, local government agencies, managed care organizations, commercial insurers and private individuals. CDH believes that care provided in the home generally costs less than facility-based
care and is preferred by clients and their families. CDH believes that self-directed care also provides significant value to state Medicaid agencies and managed care organizations, including lower cost of services and higher satisfaction rates
versus care in a facility or through a traditional home care agency. CDHs expertise and experience provides competitive advantages when responding to requests for proposals and in creating unique program attributes required by some payors.
About DTRT Health Acquisition Corp.
DTRT Health
Acquisition Corp. is a special purpose acquisition company formed for the purpose of entering into a business combination. Its objective is to acquire a healthcare company that is poised for rapid growth amid todays evolving healthcare
landscape and that will capitalize on the fragmented nature of the industry to drive accretive consolidation. Its securities are listed on Nasdaq under the tickers DTRT, DTRTU and DTRTW. DTRT is led by Mark
Heaney, Chief Executive Officer and Executive Chairman, Arion Robbins, Chief Operating Officer and Don Klink, Chief Financial Officer.
For more
information please visit https://www.dtrthealth.com/.