ETHEMA HEALTH Corp: M&A transaction — Ethema Health completes $250K acquisition of Edgewater Recovery; enters $7.9M in mostly related-party leases

ETHEMA HEALTH Corp

Acquired addiction-treatment assets of Edgewater Recovery Centers for $250K cash plus assumed liabilities including a US government settlement.
Signed 12 five-year property leases in Morehead, KY; 10 are with CEO-controlled entities (BH Properties) totaling ~$6.6M in obligations.
Third-party leases (154 S Owens and 141 Main) add ~$1.24M; all leases effective Jan 1, 2025.
Acquisition consummated Jan 9, 2025; financial statements for acquired business to be filed by amendment.
Related-party leases escalate 1.5% annually; total lease obligations across all properties approx $7.9M.

item 1.01 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 Edgewater Recovery Centers, LLC for $250,000 (closed 2025-01-09).

Action: acquisition
Counterparty: Edgewater Recovery Centers, LLC
Consideration: $250,000
Closing: 2025-01-09

Exact text from the filing

rates. On January 9, 2025, ARIA Kentucky consummated the Acquisition of the Acquired Assets of ECI. Pursuant to the terms of the APA, at closing ARIA Kentucky paid the Seller $250,000 and assumed certain liabilities related to the Acquired Assets, including trade payables and liabilities under assumed contracts and certain specifically identified liabilities,

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Source: SEC EDGAR

accession 0001903596-25-000048

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