Sanara Medtech to acquire Precision Healing

Sanara MedTech (NSDQ:SMTI) announced today that it entered into a definitive merger agreement with Precision Healing.

Fort Worth, Texas-based Sanara’s agreement will result in Precision Healing merging with and into a wholly-owned subsidiary of Sanara, with both companies’ boards of directors approving the transaction.

According to a news release, the companies expect the merger, which also received the requisite approval of Precision Healing stockholders, to close today.

Before the transaction, Sanara owned 25.7% of Precision Healing on a fully diluted basis. The purchase price for the merger includes approximately $5.1 million in stock and cash consideration, the majority of which will be paid by Sanara in stock with a limited number of non-accredited investors receiving cash. Sanara said it expects to enter into employment agreements with all “key” Precision Healing employees.

Precision Healing designs the Precision Heal…

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