Elite Health Systems board authorizes strategic alternatives review amid competitive and regulatory challenges

Elite Health Systems Inc.

Board authorized management to explore strategic alternatives including sale, merger, financing, or asset dispositions.
Company cites highly competitive environment, complex regulatory challenges, and need for significant capital to grow membership.
No timetable set; company may terminate review at any time; no assurance of any transaction.
Failure to consummate a transaction could materially affect liquidity and ability to continue operations.
Company continues to operate in ordinary course, focused on Medicare Advantage services.

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