Westin Acquisition to Merge With First Choice Healthcare

Westin Acquisition signed a Business Combination Agreement with First Choice Healthcare to take the healthcare operator public via a SPAC merger, valuing First Choice at up to approximately $650 million. Westin will domesticate to Nevada as Wellgevity 360 and merge its subsidiary into First Choice, with consideration in PubCo stock based on the equity value and redemption price. To bolster execution certainty, Westin secured a Parent Support Agreement from its sponsor and certain holders, and First Choice obtained Company Support Agreements from key stockholders.

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