Sanara MedTech Inc. (SMTI): M&A transaction — Sanara MedTech acquires CarePICS for $2M cash plus $1.65M debt; draws $12.25M loan

Sanara MedTech Inc.

Acquired all equity of CarePICS, a wound care telehealth platform, for $2M cash plus $1.65M debt payoff.
Potential earnout payments up to $20M: $2M per earnout period (two 12-month periods) and up to $10M in 10-year patient value earnouts.
Borrowed additional $12.25M under existing $55M term loan facility at 13.25% interest, maturity May 30, 2029.
Third draw brings total borrowed to $42.75M; up to $12.25M more available before Dec 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Sanara MedTech Inc. completed an acquisition involving CarePICS, LLC and its unit holders for $2.0 million (closed 2025-04-01).

Action: acquisition
Counterparty: CarePICS, LLC and its unit holders
Consideration: $2.0 million
Closing: 2025-04-01

Exact text from the filing

barriers to care and make a lasting impact on the patients it serves. Cash Consideration Pursuant to the Purchase Agreement, the aggregate purchase price for the Acquisition was $2.0 million, which included transaction expenses and other related administrative expenses of the Sellers. On the Closing Date, the Company also paid $1.65 million to satisfy certain

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Sanara MedTech Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-002780

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