Ethema signs binding asset purchase agreement for all of the business assets of Edgewater Recovery Center LLC
Greenestone Healthcare Corporation (GRST)
NASDAQ:AMEX Investor Relations:
greenestoneclinic.com
Company Research
Source: PR Newswire
WEST PALM BEACH, Fla., Oct. 22, 2024 /PRNewswire/ -- Ethema Health Corporation (OTCPINK: GRST) ("Ethema" "GRST" or the "Company"), has signed a binding Asset Purchase Agreement ("APA") to purchase the business operations and operational assets, excluding any real property of Edgewater Recovery Center, LLC ("ERC") headquartered in Morehead Kentucky. ERC operates primarily in the urban areas of Morehead in eastern Kentucky and Paducah in western Kentucky. The closing of the APA requires consents from multiple government agencies, managed care organizations, lenders and creditors of certain liabilities being assumed in the transaction. ERC has been managed by the Company since July 15, 2024 and will continue to be managed until such time as the newly created, wholly owned subsidiary of the Company, ARIA Kentucky, LLC ("ARIA Kentucky") is fully licensed, accredited and contracted with the managed care organizations, whereupon the operations of ERC will cease. ERC will continue to generate
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GRST
Sec Filings
- 11/14/24 - Form 10-Q
- 10/29/24 - Form 8-K
- GRST's page on the SEC website