Target Information

OneMedNet Corporation is recognized as a leading curator of regulatory-grade Imaging Real World Data (RWD). The company has developed innovative solutions that link healthcare providers with patients, allowing direct access to critical clinical images and contextual patient records. With a robust federated network consisting of over 90 healthcare providers, OneMedNet has the capability to efficiently search and curate extensive, multi-layer data from a diverse group of healthcare facilities.

The firm has established its commercial and regulatory viability within the growing market for imaging RWD, aligning with the Case Selection Protocol of its Life Science Partners. Under the continued leadership of CEO Mr. Paul Casey, who has a proven track record in driving value creation over a 40-year career, the company is poised for significant growth in the clinical trial and clinical research sectors, which are estimated to be valued at $400 billion.

Industry Overview

The healthcare industry is seeing a shift towards data-driven approaches, particularly in the context of real world evidence and imaging RWD. As healthcare providers increasingly adopt advanced technologies, the demand for regulatory-grade data has surged. This trend is transforming how pharmaceuticals and medical devices are developed, informed by insights derived from patient-generated data and imaging results.

Regulatory bodies are also emphasizing the importance of RWD in guiding drug development and approvals. As a result, entities like OneMedNet play a critical role in aiding life sciences companies to navigate the complex regulatory landscape, ensuring that the data they provide meets stringent requirements set by various authorities.

The COVID-19 pandemic accelerated the need for rapid diagnostics and therapeutic solutions, highlighting the crucial role that timely data can play in public health. Such urgency necessitates a streamlined approach to accessing healthcare data, underlining the industry's reliance on partners that can provide fast, compliant access to high-quality imaging RWD.

In summary, the imaging RWD market is currently positioned for substantial growth, fueled by regulatory changes, technological advances, and an ongoing need for speedier healthcare responses. This provides a fertile landscape for companies like OneMedNet that are strategically situated to capitalize on these market dynamics.

Rationale Behind the Deal

The merger between OneMedNet and Data Knights Acquisition Corp. reflects a strategic decision to enhance resource availability, enabling OneMedNet to scale operations and accelerate its growth trajectory. By becoming publicly traded under the symbol ONMD, the company anticipates increased visibility and access to capital, essential for meeting the growing demands of the life sciences sector.

OneMedNet’s leadership is confident that this partnership will provide them with the financial flexibility needed to innovate further and expedite their contributions to the healthcare industry, particularly in delivering efficient diagnostics and therapeutic solutions. This merger not only strengthens their market position but also enhances their capability to respond to emerging healthcare needs effectively.

Investor Information

Data Knights Acquisition Corp. is a special purpose acquisition company (SPAC) dedicated to merging with technology, cloud, and data-focused businesses. The company aims to leverage its expertise in identifying potential candidates to enhance shareholder value through strategic partnerships.

The Chairman and CEO of Data Knights, Mr. Barry Anderson, emphasized that the decision to partner with OneMedNet stems from recognizing its leading position in providing regulatory-grade imaging RWD on demand. With a strategic commitment to foster the growth of OneMedNet, Data Knights believes this partnership is well-placed to offer invaluable support and insight as the company navigates its next phase of growth.

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The prospective merger between OneMedNet and Data Knights Acquisition Corp. appears to be a promising investment opportunity. Given the increasing importance of real world evidence in the healthcare sector and the strategic positioning of OneMedNet within this framework, the merger can potentially unlock substantial value for shareholders.

OneMedNet’s innovative technologies paired with Data Knights’ investment backing hold the potential to accelerate the growth and expansion of their services. Moreover, the leadership team’s considerable experience in both companies enhances the prospects of successful implementation and realization of their strategic goals.

Furthermore, maintaining a strong balance sheet post-transaction with up to $113 million in cash will enable OneMedNet to pursue both organic growth opportunities and proactive acquisitions. This financial robustness is critical for navigating an evolving market landscape that demands agility and responsiveness.

In conclusion, the merger could position OneMedNet significantly to capitalize on the burgeoning demand for imaging RWD, ensuring that it not only meets regulatory standards but also addresses the urgent needs of the healthcare sector. Aligning these strategic interests suggests that the investment could be notably beneficial for existing and prospective shareholders alike.

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