{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-002780","form_type":"8-K","ticker":"SMTI","cik":"0000714256","company_name":"Sanara MedTech Inc.","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.077667+00:00","generated_at":"2026-05-23T21:41:43.794363+00:00","sec_items":["1.01","2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sanara MedTech acquires CarePICS for $2M cash plus $1.65M debt; draws $12.25M loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-002780","json":"https://secwatch.observer/filing/0001641172-25-002780.json","markdown":"https://secwatch.observer/filing/0001641172-25-002780.md","text":"https://secwatch.observer/filing/0001641172-25-002780.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714256/000164117225002780/0001641172-25-002780-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714256/000164117225002780/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T21:41:43.794363+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a2ed2863ede5a5715d7bd91e77282f96ab1e09d8","claim":"Sanara MedTech Inc. completed an acquisition involving CarePICS, LLC and its unit holders for $2.0 million (closed 2025-04-01).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/714256/000164117225002780/0001641172-25-002780-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"CarePICS, LLC and its unit holders"},{"label":"Consideration","value":"$2.0 million"},{"label":"Closing","value":"2025-04-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}