Ethema Health Corporation (OTCPK:GRST) signed a letter of intent to acquire Edgewater Revcovery Center, LLC from John David Elarm for $0.25 million on July 8, 2024. A cash consideration of $0.25 million will be paid by Ethema Health Corporation. The purchase price for the Business will be $0.25 million to be directed towards payment of legal fees and brokerage fees. The purchase for the Business will include cash, accounts receivable and all assets of the business. The assumed liabilities will only be accounts payable for expenses of the Business from The Effective Date forward. All other liabilities other than debts to the Lenders, The Justice Department and the Seller will not be assumed.
As of July 10, 2024, Ethema Health Corporation (OTCPK:GRST) entered into a definitive agreement to acquire Edgewater Revcovery Center, LLC from John David Elarm.