First Choice Healthcare Solutions, Inc. entered into a definitive purchase agreement to acquire Pointe Medical Services, Inc., Pointe Med Pharmacy, Inc., Livewell Drugstore, Inc., and Livewell MD, Inc. for $15.8 million.

First Choice Healthcare Solutions, Inc. (OTCPK:FCHS) entered into a definitive purchase agreement to acquire Pointe Medical Services, Inc., Pointe Med Pharmacy, Inc., Livewell Drugstore, Inc., and Livewell MD, Inc. for $15.8 million on July 20, 2023. Consideration is $15,800,000 to be paid in a combination of cash, assumption and/or payoff of debt, stock issuance, earn out, and performance bonus. Minority shareholders of Livewell Drugstore, Inc. will be given as consideration a fixed amount of restricted common stock in connection with the stock purchase of Livewell Drugstore, Inc. as is allocated based upon the Seller?s valuation of Livewell Drugstore multiplied by the minority shareholder ownership percentage.