Foxo executes non-binding agreement two acquire two Florida facilities

FOXO Technologies (FOXO) has executed a non-binding acquisition agreement for two assisted living facilities in Florida. One facility has 129 units, and the second facility has 137 units. The purchase price for each facility is expected to be $30 million, a portion of which is milestone-based. The parties aim to complete definitive agreements withing 60 days, Closing is expected to occur between 60 and 120 days after completion of definitive agreements and is subject to a number of closing conditions, including satisfactory due diligence and financing.