Business
First Choice Healthcare Solutions Announces Closing of Strategic Partnership with Steward Health Care
First Choice Healthcare Solutions Announces Closing of Strategic Partnership with Steward Health Care.
About this update from First Choice Healthcare Solutions, Inc.
[{"type":"text","content":"\n\n MELBOURNE, Fla., March 02, 2018 (GLOBE NEWSWIRE) -- First Choice Healthcare Solutions, Inc. (OTCQB:FCHS) (\"First Choice\" or the \"Company\"), a fully integrated, non-physician-owned, publicly traded healthcare delivery platform providing a full life cycle of care for patients through diagnosis, treatment and recovery, today announced the closing of its strategic partnership with Steward Health Care System (“Steward”), the largest private hospital operator in the United States.  The closing was formalized with Steward’s investment of $7.5 million in exchange for 5 million shares of FCHS stock.\n First Choice has been given the opportunity to expand its orthopaedic and spine care delivery platform into Steward’s nationwide hospital network. As strategic partners, First Choice and Steward are in the process of evaluating the next Steward Hospital System where First Choice can implement its targeted delivery platform. Also, as previously announced, Steward is now in the final steps of identifying two board members for appointment to First Choice’s board of directors. Chris Romandetti, President and CEO of First Choice, stated, \"The finalization and closing of this strategic partnership with Steward provides excellent momentum for all parties involved.  An investment of this magnitude allows First Choice to expeditiously continue to rollout our unique and proven delivery platform among Steward’s nationwide network. Our team is proud to create a healthcare delivery platform that is capable of changing the lives of so many throughout the nation.  Both teams have worked long and hard to improve healthcare, and the alignment of our two Companies will allow this growth to flourish.”  About Steward Health Care Steward Health Care, the largest private hospital operator in the United States, is a physician-led health care services organization committed to providing the highest quality of care in the communities where patients live. Headquartered in Boston, Massachusetts, Steward operates 36 community hospitals nationwide that employ approximately 37,000 people and regularly receive top awards for quality and safety. The Steward network includes more than 26 urgent care centers, 42 preferred skilled nursing facilities, substantial behavioral health services, over 7,300 bed...