---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020713"
form_type: "8-K"
ticker: "LFMD"
cik: "0000948320"
company_name: "LifeMD, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:48:19.680928+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LifeMD sells majority stake in WorkSimpli for $65M enterprise value; receives $22M cash at close

## Summary
- Sold 80% of WorkSimpli units to buyer group led by founder/CEO; enterprise value ~$65M.
- LifeMD received ~$22M cash at close (91.6% of $24M base price) for its 73.3% pre-sale ownership.
- Sellers eligible for up to $28M additional cash if WorkSimpli meets growth/operational targets over 3 years.
- LifeMD expects to use NOL carryforwards to offset most capital gains from the sale.
- Transaction positions LifeMD as pure-play virtual care and pharmacy; plans cardiometabolic expansion in H1 2026.

## SEC filing metadata
- accession: 0001493152-25-020713
- form_type: 8-K
- ticker: LFMD
- cik: 0000948320
- company_name: LifeMD, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948320/000149315225020713/0001493152-25-020713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948320/000149315225020713/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020713
- JSON: https://secwatch.observer/filing/0001493152-25-020713.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020713.txt

## Source-grounded claims
- claim_id: ff1ad4007395db31fe952a9695f43f202d3b57a5
  claim: LifeMD, Inc. completed a disposition involving Lion Buyer, LLC for up to $52.0 million (closed 2025-11-04).
  evidence_excerpt: aggregate purchase price paid at close and 53.8% ($28.0 million) subject to future performance targets, for an aggregate purchase consideration paid to the Sellers of up to $52.0 million: ● 46.2% of the aggregate purchase price consists of a cash payment equal to the base purchase price of $24.0 million, subject to adjustments for net working capital, cash,
  evidence_url: https://www.sec.gov/Archives/edgar/data/948320/000149315225020713/0001493152-25-020713-index.htm

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