ETHEMA HEALTH Corp: M&A transaction — Ethema Health acquires addiction treatment center assets in Boca Raton for $240,000

ETHEMA HEALTH Corp

Purchased assets including furniture, equipment, inventory from Boca Cove Detox, LLC for $240,000.
Assumed lease for 899 Meadows Avenue, Boca Raton, with term to June 2027 and two 5-year extensions.
Paid lease deposit of $83,392.79 to landlord Prado Medical Park, Inc.
Facility is turn-key for addiction treatment operations.

item 2.01 item 2.03 item 9.01

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

ETHEMA HEALTH Corp completed an acquisition involving Boca Cove Detox, LLC for $240,000.00 (closed 2024-06-12).

Action: acquisition
Counterparty: Boca Cove Detox, LLC
Consideration: $240,000.00
Closing: 2024-06-12

Exact text from the filing

such that the take over of the lease came as a turn-key facility for the operation of an addiction treatment center. The seller was Boca Cove Detox, LLC. The purchase price was $240,000.00.

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Source: SEC EDGAR

accession 0001903596-24-000390

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