PreCheck Health Services, Inc. (OTCPK:HLTY) entered into a stock purchase agreement to acquire LD Technology, LLC and Medical Screening, Inc. from Albert Maarek, Irina Maarek, Rudy Maarek and Richard Clement for $15 million on August 22, 2019. The consideration for the transaction consists of two payments, in the aggregate amount of $12 million, with a payment of $5 million being made on the initial closing date and a payment of $7 million within 12 months thereafter and the issuance to Albert Maarek, Irina Maarek, Rudy Maarek and Richard Clement on the deferred closing date of common stock valued on such date equal to $3 million for a total purchase price of $15 million. Following the closing, the companies will be owned by PreCheck as wholly owned subsidiaries and will establish the PreCheck as a vertically integrated provider of point-of-care medical screening services as well as a medical clinic operator. The transaction is subject to customary closing conditions including payment of the purchase price, the delivery of audited financial statements of LD Technology, LLC and Medical Screening, Inc. for the years ended December 31, 2018 and 2017 and unaudited financial statements for the six months ended June 30, 2019 and 2018, and the satisfactory completion of the PreCheck’s due diligence of the target companies. Asher S. Levitsky PC of Ellenoff Grossman & Schole LLP acted as legal advisor to PreCheck Health Services, Inc. PreCheck Health Services, Inc. (OTCPK:HLTY) cancelled the acquisition of LD Technology, LLC and Medical Screening, Inc. from Albert Maarek, Irina Maarek, Rudy Maarek and Richard Clement on February 27, 2020.