First Choice Healthcare Solutions, Inc. (OTCPK:FCHS) announced that has entered into a stock purchase agreement for a private placement of 5,000,000 shares at a price of $1.5 per share for gross proceeds of $7,500,000 with new investor Steward Health Care System, LLC on February 6, 2018. As part of the transaction, two directors from the investor will join the board. The transaction is expected to close on or before March 1, 2018. The securities offered and sold in the transaction are pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act.