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First Choice Healthcare Announces Full Extinguishment of $2.32 Million Dollar Convertible Debenture
First Choice Healthcare Announces Full Extinguishment of $2.32 Million Dollar Convertible Debenture.
About this update from First Choice Healthcare Solutions, Inc.
[{"type":"text","content":"\n \n \n First Choice Healthcare Announces Full Extinguishment of $2.32 Million Dollar Convertible Debenture\n \n \nFirst Choice Healthcare Announces Full Extinguishment of $2.32 Million Dollar Convertible Debenture\n \n MELBOURNE, FL--(Marketwired - Aug 6, 2015) - First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) (\"FCHS,\" \"First Choice\" or the \"Company\"), a diversified holding company focused on delivering clinically superior, patient-centric, multi-specialty care through state-of-the-art medical centers of excellence, today announced that in accordance with the terms of the $2.32 million convertible debenture issued to Hillair Capital Investments, L.P., the outstanding balance plus accrued interest owed on the outstanding debenture has been satisfied in full. As a result, the Company expects to record a final non-cash gain on the extinguishment of the debenture in the third quarter of 2015, representing a $1,161,641 increase to shareholders' equity.\n \"We are very pleased to announce the retirement of our obligations to Hillair three months earlier than scheduled,\" stated Christian Romandetti, First Choice's Chairman, President and CEO. \"The significant reduction in our short-term liabilities and overall improvement of our balance sheet will better position First Choice to aggressively pursue our strategic growth objectives, including an up-listing to a national exchange.\"\n For additional details, please refer to a Form 8-K to be filed with the U.S. Securities & Exchange Commission later today and accessible at www.sec.gov.\n About First Choice Healthcare Solutions, Inc. \n Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is actively engaged in developing a network of multi-specialty medical centers of excellence throughout the southeastern U.S., which are distinguished as premier destinations for clinically superior, patient-centric care. Serving Florida's Space Coast, FCHS' Centers of Excellence include First Choice Medical Group of Brevard (FCMG), which specializes in the delivery of neurological and musculoskeletal medicine and rehabilitative care; and Brevard Orthopaedic Spine & Pain Center, Inc., dba The B.A.C.K. Center, which focuses on orthopaedic spine and pain medicine. FCHS' commercial real estate interests are managed by its wholly owned subsidiary, FCID Holdings,...