Global Care Capital Inc. a global investment company which engages in early stage investment opportunities in private and public companies, is pleased to announce that further to its press release of August 7, 2020 it has entered into a share exchange agreement dated September 8, 2020 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of all of the issued and outstanding securities in the capital of Healthview Technologies Inc. (“Healthview”) in exchange for securities of Global Care (the “Transaction”).
Pursuant to the terms of the Definitive Agreement, the material terms of the Transaction are as follows:
The Transaction is an arms-length transaction and no change in management, or the Board of Directors of Global Care is being contemplated at this time. The Definitive Agreement contemplates other material conditions precedent to the closing of the Transaction, including, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange. There can be no assurance that the Transaction will be completed as proposed, or at all.
Alexander Somjen, CEO of Global Care, stated: “We are excited about the opportunity to bring Healthview under the Global Care umbrella. Telehealth is an important and growing sector, especially given the current times. Healthview’s virtual care platform will hopefully help fulfill growing employer demand for digital healthcare solutions for their workforce and prove complementary to Global Care’s existing health care related portfolio companies.”
Healthview aims to be a global disruptor in the mental health and wellness space. Healthview provides wellness support and mental health solutions and services to both employer firms and employees. As the population continues to work remotely and from home mental health and workplace wellness is becoming increasingly in more demand and more important than ever before. Healthview is an online solution and tool that employees and employment firms will be able to use to maintain wellness and provide support for staff.
About Global Care
Global Care Capital is a global investment company which specializes in providing early stage financing to private and public companies. The Company engages in new, early stage investment opportunities in previously underdeveloped assets and obtaining positions in early stage investment opportunities that adequately reflect the risk profile.
GLOBAL CARE CAPITAL CORP.:
Alex Somjen, President & CEO