Elite Health Systems to acquire PSS in all-stock deal worth 3.16M shares

Elite Health Systems Inc.

Acquires 100% of Physician Support Systems from stockholders including CEO Dr. Prasad Jeereddi (46% owner).
Consideration: 3,158,000 shares of Elite Health common stock.
Transaction requires stockholder approval and charter amendment to increase authorized shares.
Related-party: CEO Dr. Jeereddi and his daughter Dr. Praveena Jeereddi are selling stockholders.
Closing conditions include share issuance and secretary certificates.

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