Business
First Colombia Gold Corp. Announces Acquisition of UMMC Corp, a Texas Operator of Medical Facilities with Eight Operating Medical Facilities
First Colombia Gold Corp. Announces Acquisition of UMMC Corp, a Texas Operator of Medical Facilities with Eight Operating Medical Facilities.
About this update from First Colombia Gold Corp.
[{"type":"text","content":"First Colombia Gold Corp. (OTC: FCGD) a Nevada corporation transitioning into a holding company for diversified hospital operations and medical facilities, today announced the acquisition of UMMC Corp, a Texas operator of hospitals and medical facilities with eight operating medical facilitiesFCGD acquisition of UMMC has been in the working for the past few months now. The acquisition documents have been signed by all parties. Most of the due diligence items have been completed and the closing of the acquisition occur once all required due diligence items have been completed. FCGD is paying for this acquisition with its preferred stock class. UMMC will continue its operations without interruption, operating as an independent subsidiary of FCGD. The deal is valued at $158 million based on the market value of UMMC Corp.’s current portfolio of 8 hospitals and medical facilities. About First Colombia Gold Corp.First Colombia Gold Corp. (FCGD) is a diversified hospital operations and medical facilities holding Company. Historically, the Company managed gold-mining and prospecting operations. That changed on November 25, 2022, when the Company changed its business purpose from gold-mining and prospecting to become a holding company for diversified hospital operations and medical facilities. The Company has acquired UMMC Corp, (www.ummc.care), a Texas based operator of several hospitals and medical facilities, to become a wholly owned subsidiary of the Company. The Company intends to build upon the UMMC model by making other acquisitions of hospital operations as time and resources permits. About UMMC Corp A holding company for diversified hospital operations and medical facilities. UMMC Corp. (www.ummc.care), is a Texas based operator of several hospitals and medical facilities.Contact Information:FCGD Shareholder/Investor inquiries can be directed to: First Colombia Gold Corp Tel. 1.424.358.1046Safe Harbor Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press...