Business
First Choice Healthcare Solutions Announces Strategic Partnership and Equity Investment with Steward Health Care
First Choice Healthcare Solutions Announces Strategic Partnership and Equity Investment with Steward Health Care.
About this update from First Choice Healthcare Solutions, Inc.
[{"type":"text","content":"\n\n Management to Host Shareholder Update Conference Call to Discuss Strategic Partnership in Further Detail on Thursday, February 8th at 11:00 a.m. ET\n MELBOURNE, Fla., Feb. 07, 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 that the Company is entering into a strategic partnership with Steward Health Care System (“Steward”), the largest private hospital operator in the United States. As part of the strategic partnership, Steward will make an investment into First Choice in the amount of $7.5 million for 5 million shares, allowing the Company to continue to expand its business model and geographic footprint nationally. The partnership allows First Choice the opportunity to expand its orthopaedic and spine care delivery platform into Steward’s 36 nationwide hospital network. Currently, First Choice Medical Group of Brevard, a subsidiary of First Choice, utilizes two of Steward’s facilities in Florida. Together, First Choice and Steward have begun the process of evaluating the next Steward Hospital system where First Choice can implement its targeted delivery platform. First Choice has a proven business model, delivering high quality patient care, reducing overall healthcare costs, maintaining patient outcomes, and ranking above national averages. Chris Romandetti, President and CEO of First Choice, stated, \"We have been developing our strategic plan with Steward Health Care, the largest private hospital operator in the U.S. with nationwide reach, and it is with great honor to formally announce this strategic partnership and investment.  Together, we will review the process to rollout our unique, proven, delivery platform among Steward’s 34 other Hospital facilities and evaluate which locations can benefit both companies in a synergistic way.  Additionally, given Steward’s vast footprint and sheer volume of patients, there are significant, long term benefits that will directly affect both of our companies positively.  I am excited to share more about this strategic partnership on our call this Thursday, February ...