---
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"
generated_at: "2026-05-23T21:41:43.794363+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sanara MedTech acquires CarePICS for $2M cash plus $1.65M debt; draws $12.25M loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002780
- JSON: https://secwatch.observer/filing/0001641172-25-002780.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002780.txt

## Key facts
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714256/000164117225002780/0001641172-25-002780-index.htm

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