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First Choice Healthcare Solutions, Inc. (FCHS) is pivoting from its legacy orthopedic services to developing a national chain of primary care and wellness clinics staffed by nurse practitioners, focusing on preventive care, chronic disease management, and self-pay quality-of-life services like anti-aging, hormone replacement, weight management, and biohacking, supported by an internal compounding pharmacy. The company plans to complete acquisitions of Pointe Medical Services and The Good Clinic assets post-offering to launch operations starting June 1, 2026. For the year ended December 31, 2025, FCHS reported net losses of $7.0 million with cash outflows from operations of $0.55 million and an accumulated deficit of $74.7 million; the predecessor entity Pointe Med/LiveWell reported net income of $0.6 million on $7.0 million revenue. This best-efforts IPO seeks to raise up to $19.0 million (or $21.85 million with overallotment) through 3,800,000 shares of Series D Convertible Preferred Stock at $5.00 per share plus accompanying warrants, registering 12,863,000 common shares upon conversion/exercise. Net proceeds of $17.1 million will fund $9.0 million for Pointe Med/LiveWell acquisition, hiring, working capital, and marketing. Concurrently, a resale prospectus registers 3,000,010 common shares for selling stockholders. FCHS aims to uplist to NYSE under 'FCHS' to execute its growth strategy amid high execution risks, regulatory hurdles, and dilution from anti-dilution provisions.
Offering Amount
$1.00B
Shares Offered
200,000,000
Price Range
$5.00 – $5.00
Shares Offered
3,800,000
Offering Amount
$19,000,000
Price Range
$5.00
Share Type
Series D Convertible Preferred Stock + Warrants
Exchange
NYSE
Ticker
FCHS
Use of Proceeds: Acquisitions ($9M), hiring key personnel ($2M), working capital ($4.58M), marketing ($1.5M)
Pivoting from orthopedic services to national chain of primary care/wellness clinics using nurse practitioners for preventive/chronic care and self-pay services (anti-aging, HRT, weight loss), supported by compounding pharmacy.