M&A - ETHEMA HEALTH Corp
Form Type: 8-K
Filing Date: 2025-01-23
Corporate Action: Acquisition
Type: New
Accession Number: 000190359625000048
Filing Summary: On January 9, 2025, Ethema Health Corporation's wholly owned subsidiary, ARIA Kentucky, completed the acquisition of the assets of Edgewater Recovery Centers, LLC (ECI) as per the Asset Purchase Agreement dated October 22, 2024. The acquisition included all current assets, equipment, intellectual property, inventories, and lease agreements associated with ECI's addiction treatment operations located in Morehead and Paducah, Kentucky. ARIA Kentucky paid $250,000 at closing and assumed certain liabilities related to the acquired assets. Additionally, several lease agreements were executed for properties in Morehead, KY, including leases with ERC Investments LLC and New Journey LLC, with total obligations amounting to over $6 million across various terms. The acquired assets are part of a broader strategy to enhance Ethema's operational capabilities in the addiction treatment sector.
Document Link: View Document
Additional details:
Item 1 Title: Total Purchase Price
Item 1 Value: $250,000
Item 2 Title: Assumed Liabilities
Item 2 Value: Trade payables and liabilities under assumed contracts
Item 3 Title: Lease Agreements
Item 3 Value: Multiple leases executed with terms of five years each
Item 4 Title: Geographic Locations
Item 4 Value: Morehead and Paducah, Kentucky
Item 5 Title: Type of Assets Acquired
Item 5 Value: All assets of ECI used in business, including cash, equipment, and intangible assets.
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