Natur Holdings B.V. entered into a non-binding letter of intent to acquire Future Healthcare of America in a reverse merger transaction.

Natur Holdings B.V. entered into a non-binding letter of intent to acquire Future Healthcare of America (OTCPK:FUTU) from several shareholders in a reverse merger transaction on May 18, 2018. The letter of intent contemplates that the current business of Future Healthcare will be sold either prior to or after the closing of the definitive agreement between the parties. Natur Holdings B.V. entered into a share exchange agreement to acquire Future Healthcare of America from several shareholders in a reverse merger transaction on September 21, 2018. It is anticipated that the stockholders of Natur will own approximately 71% of Future Healthcare’s shares immediately following the closing of transaction, with the remaining 29% to be owned by Future Healthcare’s current stockholders, noteholders and lenders. The transaction is subject to numerous conditions including the negotiation and execution of a binding definitive agreement between the parties and due diligence. Branden T. Burningham of Burningham Law Group acted as the legal advisor to Future Healthcare whereas Andrew D. Hudders of Golenbock Eiseman Assor Bell & Peskoe LLP acted as the legal advisor to Natur Holdings on the transaction.