M&A - Sanara MedTech Inc.

Form Type: 8-K

Filing Date: 2025-04-04

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225002780

Filing Summary: On April 1, 2025, Sanara MedTech Inc. completed the acquisition of CarePICS, LLC through a Unit Purchase Agreement. The aggregate purchase price was $2.0 million, which included transaction expenses and existing indebtedness payment of $1.65 million to CarePICS. The acquisition allows Sanara to absorb CarePICS as an indirect wholly owned subsidiary, enhancing its capabilities in telehealth and patient care through the CarePICS platform. Future earnout payments are structured based on performance metrics, including SaaS P&L EBITDA and patient volume, potentially yielding up to $10 million. Additionally, the company executed a $12.25 million borrowing under a previous loan agreement for acquisitions and working capital. The sharing of video, voice, and images for clinical activities within CarePICS aligns with healthcare improvements and aims to enhance patient outcomes.

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