Accelera Innovations, Inc entered into a stock purchase agreement to acquire Behavioral Health Care Associates, Ltd. from Blaise J. Wolfrum for $4.5 million.

Accelera Innovations, Inc entered into a stock purchase agreement to acquire Behavioral Health Care Associates, Ltd. from Blaise J. Wolfrum for $4.5 million in cash on November 11, 2013. Under the terms of agreement, Accelera will purchase 100% of the 0.1 million issued and outstanding shares of Behavioral Health Care Associates. Out of $4.5 million, $1 million shall be payable within 90 days from the date of closing; $0.75 million shall be paid within 180 days from closing; and the remaining $2.8 million shall be paid in 3 payments of $0.75 million each and a final payment of $0.55 million shall be paid beginning 270 days after closing, and every three months thereafter until the purchase price is paid in full.

Post closing, Behavioral Health Care Associates shall be operated by Accelera Healthcare Management Service Organization LLC. The transaction was approved by the Board of Accelera Innovations and the shareholder of Behavioral Health Care Associates. Michael R. Hauert of Garelli Grogan Hesse & Hauert acted as legal advisor to Blaise J. Wolfrum.

BW Holdings, LLC acted as the escrow agent.