M&A - First Choice Healthcare Solutions, Inc.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225004752

Filing Summary: First Choice Healthcare Solutions, Inc. has undergone a significant strategic pivot, transitioning from a focus on orthopedic services to developing a national chain of primary care and wellness clinics. The company intends to provide life improvement services and pharmacy operations. Following a bankruptcy filing in June 2020 due to legal issues involving the former CEO, the company restructured and has since emerged from bankruptcy. The bankruptcy plan was confirmed on February 22, 2021, with a final decree provided on April 27, 2022. As part of its transformation, First Choice Healthcare Solutions has entered into a definitive purchase agreement to acquire multiple entities, including Pointe Medical Services, Inc. and Livewell Drugstore, Inc., for $15.8 million, demonstrating its commitment to expanding its operational framework and market presence.