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Westin Acquisition Signs Merger Deal With First Choice Healthcare Solutions

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Westin Acquisition (WSTN) has agreed to combine with First Choice Healthcare Solutions in a transaction that will take the healthcare services company public, First Choice Healthcare said Thursday.

The proposed transaction implies a pre-money equity value of about $650 million for First Choice Healthcare and is expected to accelerate the company's rebrand to Wellgevity 360, according to a statement.

Westin Acquisition will domesticate to the State of Nevada from the Cayman Islands prior to closing of the deal, which is expected to occur in Q4, First Choice Healthcare said.

The combined company is expected to trade on the Nasdaq, First Choice Healthcare added.

Price: $10.14, Change: $+0.02, Percent Change: +0.20%

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