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Elite Health Systems ( (EHSI) ) has provided an announcement.
On July 2, 2025, Elite Health Systems Inc. initiated a private placement of its common stock, aiming to raise between $2 million and $5 million. The company plans to issue up to 3,509,076 shares, with a potential need to increase authorized shares to accommodate more. Concurrently, Elite Health Systems entered a non-binding letter of intent to acquire Physician Support Systems, Inc. (PSS) by exchanging 3,158,000 shares of its common stock. The acquisition, involving the company’s CEO and his daughter as PSS owners, is contingent on due diligence, a definitive agreement, and shareholder approval.
More about Elite Health Systems
Elite Health Systems Inc. operates in the healthcare industry, focusing on providing health-related services and products. The company is engaged in strategic transactions to expand its market presence.
Average Trading Volume: 18,496
Technical Sentiment Signal: Strong Buy
Current Market Cap: $24.62M
Learn more about EHSI stock on TipRanks’ Stock Analysis page.