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FCHS does not currently pay a dividend.
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Operating through its various subsidiaries, First Choice Healthcare Solutions, Inc. delivers medical care services throughout the United States. The company manages a chain of medical facilities, independently owned by non-physicians, that specialize in musculoskeletal and rehabilitative treatments. These core services encompass orthopedics, spinal surgery, interventional pain relief, and outpatient surgical interventions. Additionally, First Choice Healthcare Solutions provides diagnostic and supplementary support, including magnetic resonance imaging (MRI), X-ray procedures, durable medical…
MELBOURNE, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- First Choice Healthcare Solutions, Inc., (OTC: FCHS), (“First Choice” or the “Company”), announced today that as previously approved by the Board of Directors of the Company on September 15, 2024, all current issued and outstanding publicly traded common stock will be revised to reflect a 1 for 2,000 reverse stock split of the 32,958,288 shares of common stock of the Company outstanding as of June 30, 2026 reducing the issued and outstanding common stock to 16,429 shares of common stock.
Transaction Highlights Transaction expected to accelerate First Choice Healthcare Solutions, Inc.'s strategic rebrand to Wellgevity 360, a next-generation healthcare and wellness platform focused on longevity, preventative care, and personalized, biology-driven treatment solutions; Transaction values First Choice Healthcare at a pro forma enterprise value of approximately $650 million; According to Global Wellness Institute, the United States' fast-growing wellness economy is now valued at $2.1 trillion growing at an annual rate of 7.9% from 2019 to 2024; Wellness economy per capita spending in the US surpassed the $6,000 threshold in 2024, reaching $6,293, while the sector now accounts for 7.33% of the nation's GDP; First Choice Healthcare Solutions mission is to deliver clinician-led end-to-end, whole-person care that integrates primary care, wellness, and longevity services to improve a patient's quality of life; Backed by an experienced management team spanning emerging growth, healthcare services, and biopharmaceuticals; Post-combination company expected to trade on Nasdaq; Transaction expected to close in the fourth quarter of 2026, subject to customary approvals and closing conditions. New York and NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) -- First Choice Healthcare Solutions, Inc. (OTCQB: FCHS), a Delaware corporation (“First Choice” or the “Company”), announced today that it has entered into an Agreement and Plan of Merger (the “Agreement”) with Westin Acquisition Corp. (Nasdaq: WSTN, WSTNR, WSTNU) (“Westin”), a Cayman Islands exempted company and special purpose acquisition company, and First Choice Acquisition Corp., a Delaware corporation (“Merger Sub”), pursuant to which, immediately prior to the closing of the proposed business combination, Westin will domesticate from the Cayman Islands to the State of Nevada and continue as Wellgevity 360, Inc. (“PubCo”), following which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of PubCo (the “Proposed Transaction”).
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