First Choice Healthcare Completes $15.45 Million Sale and Leaseback of Marina Towers

Sale Nets Company Approximately $8 Million in Cash Proceeds MELBOURNE, FL FCHS, (Marketwired Apr 1, 2016) First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) ( FCHS, First Choice or the Company ), one of the nation s only non-physician-owned, publicly traded healthcare services companies focused on the delivery of Orthopaedic care and treatment, today announced that yesterday, March 31, 2016, its wholly-owned subsidiary, Marina Towers, LLC, completed the sale and leaseback of Marina Towers, a 78,000 square foot office building located in Melbourne, Florida, to Global Medical REIT Inc. for $15.45 million, netting approximately $8 million. This non-dilutive capital will allow First Choice to continue executing its defined business plan, providing for the replication of its Melbourne-based system of Medical Centers of Excellence in other targeted geographic markets. In addition, other net benefits to the Company and its shareholders include: 50%+ reduction in Company s total debt; Del


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: