---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-004434"
form_type: "8-K"
ticker: "HLYK"
cik: "0001680139"
company_name: "HealthLynked Corp"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:51:02.158877+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-23-004434
- form_type: 8-K
- ticker: HLYK
- cik: 0001680139
- company_name: HealthLynked Corp
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680139/000121390023004434/0001213900-23-004434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680139/000121390023004434/ea171927-8k_healthlynked.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-004434
- JSON: https://secwatch.observer/filing/0001213900-23-004434.json
- Plain text: https://secwatch.observer/filing/0001213900-23-004434.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680139/000121390023004434/0001213900-23-004434-index.htm
- Material Agreements
  HealthLynked Corp entered into Management Services Agreement with PBACO Holding, LLC.
  - Action: entry
  - Agreement: merger
  - Counterparty: PBACO Holding, LLC
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680139/000121390023004434/0001213900-23-004434-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.