---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-022124"
form_type: "8-K"
ticker: "EHSI"
cik: "0001089815"
company_name: "Elite Health Systems Inc."
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:24:48.155331+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Elite Health Systems commences $2M-$5M private placement; enters LOI to acquire PSS for 3.16M shares

## Summary
- Private placement of common stock at $0.95/share for gross proceeds of $2M to $5M; proceeds to fund Elite Health Plan and PSS integration.
- Non-binding LOI to acquire 100% of Physician Support Systems (PSS) for 3,158,000 shares; CEO Prasad Jeereddi owns 51% of PSS (related party).
- Company seeks stockholder approval to increase authorized shares from 25M to 50M to support issuance; proxy statement to be filed.
- Elite Health subsidiary conditionally approved by CMS for CY2026 Medicare Advantage plan; final approval pending bid and pre-implementation.

## SEC filing metadata
- accession: 0001437749-25-022124
- form_type: 8-K
- ticker: EHSI
- cik: 0001089815
- company_name: Elite Health Systems Inc.
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089815/000143774925022124/0001437749-25-022124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089815/000143774925022124/ehsi20250703_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-022124
- JSON: https://secwatch.observer/filing/0001437749-25-022124.json
- Plain text: https://secwatch.observer/filing/0001437749-25-022124.txt

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