‘Blank check’ IPO falls through

A Greenwich firm plans to liquidate after failing to acquire another company using proceeds from an initial public offering of stock.

Oracle Healthcare Acquisition Corp. held a “blank check” IPO in March 2006, giving it two years to acquire a company using shareholder investments.

In early September, the company signed a letter of intent to purchase an unspecified entity, but last week indicated it had terminated the deal.

Oracle Healthcare was founded by Larry Feinberg, who runs a health-care-focused hedge fund in Greenwich called Oracle Partners L.P.