Capital Group Holdings, Inc. (OTCPK:CGHC) entered into an agreement to acquire Alliance Urgent Care, LLC for $0.35 million in stock on August 27, 2012. Capital Group will issue its 5 million shares as consideration. Also Capital Group is obligated to issue additional shares of its common stock to the seller if certain conditions are not met over the first three years following the closing. Alliance Urgent Care will operate as a wholly-owned subsidiary of Capital Group and will be renamed as ‘OneHealth Urgent Care'. Michael Blumhoff, Chief Executive Officer of Alliance Urgent Care, will continue as the Chief Executive Officer of the Urgent Care group. Capital Group and Alliance Urgent will finalize the requirements of the agreement within the next 30 days.

Capital Group Holdings, Inc. (OTCPK:CGHC) completed the acquisition of Alliance Urgent Care, LLC on September 3, 2012.