HealthLynked sells ACO Health Partners to PBACO for up to $3M cash plus up to $7M in IPO shares

HealthLynked Corp

$750K cash at signing; up to $2.25M incremental cash based on physician participation by July 31, 2023.
If PBACO goes public by Aug 2024, HLYK receives shares valued at up to $7M net, half vesting at IPO, half over 5-year earnout.
HealthLynked discontinues ACO/MSO segment; retains right to reacquire AHP at cost until formal transfer by Aug 2024.
PBACO assumes management and operating expenses of AHP effective Jan 17, 2023 under Management Services Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HealthLynked Corp entered into Agreement and Plan of Merger with PBACO Holding, LLC and AHP Acquisition, LLC (effective 2023-01-17).

Action: entry
Agreement: merger
Counterparty: PBACO Holding, LLC and AHP Acquisition, LLC
Effective: 2023-01-17

Exact text from the filing

On January 17, 2023, ACO Health Partners, LLC (“ AHP ”), a Delaware limited liability company and wholly owned subsidiary of HealthLynked Corp. (the “ Company ”), the Company, PBACO Holding, LLC, a Florida limited liability company, or its permitted assignee (“ Buyer ”), and AHP Acquisition, LLC, a Florida limited liability company and wholly owned subsidiary of Buyer (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HealthLynked Corp entered into Management Services Agreement with PBACO Holding, LLC.

Action: entry
Agreement: merger
Counterparty: PBACO Holding, LLC

Exact text from the filing

(the “ Company ”), the Company, PBACO Holding, LLC, a Florida limited liability company, or its permitted assignee (“ Buyer ”), and AHP Acquisition, LLC, a Florida limited liability company and wholly owned subsidiary

View on SEC.gov

236 material agreements filed in the last 30 days. Browse all material agreements →

HealthLynked Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-004434

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