First Colombia Gold Corp. Announces Acquisition of UMMC Corp, a Texas Operator of Medical Facilities with Eight Operating Medical Facilities

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 facilities

FCGD 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. 1.424.358.1046

Safe 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 release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

SOURCE First Colombia Gold Corp