WPF Holdings, Inc. completed the acquisition of Virtual Health Holdings, Inc for approximately $240 million.
February 20, 2024
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WPF Holdings, Inc. (OTCPK:WPFH) has signed a definitive agreement to acquire Virtual Health Holdings, Inc for approximately $210 million on October 4, 2023. The acquisition will be a stock for stock exchange and WPF Holdings, Inc. will issue 6 million unregistered common shares for all of the outstanding common shares of Virtual Health Holdings, Inc. An additional 4 million shares of WPFH may be issued as part of the acquisition of control from the former control block owner if certain performance standards are met over the next two years. Closing is expected by October 15, 2023. VHHI will remain as a holding company under WPFH and will manage the telehealth operations acquired in the transactions as well as any new healthcare related acquisitions by WPFH. Chales Scott, CEO of VHHI, will remain as Chairman and CEO of VHHI and also join the Board of Directors of WPFH.
WPF Holdings, Inc. (OTCPK:WPFH) completed the acquisition of Virtual Health Holdings, Inc on February 21, 2024.
WPF Holdings, Inc. is an e-commerce and digital consultancy company that helps businesses navigate the digital landscape. It provides an approach to help businesses enhance their online presence and revenue. The Company's subsidiary is Vezbi, Inc., which is a technology company that developed and created the Vezbi Super App. A Super App is an all-in-one, multi-functional mobile app that combines multiple services with features that include various payment methods, other financial services and communication into a single ecosystem. Its other subsidiaries are CareClix, Inc., CareClix Services, Inc., CareClix RPM, Inc. and MyCareClix, Inc., doing business as MyGuardianDoc, and include a telemedicine medical services company, a direct-to-consumer company, a software-as-a-platform (SaaS) company, and a remote patient monitoring (RPM) company. It engaged in offering consumer telemedicine under the MyGuardianDoc name, with a new subscription model.