Healthcare delivery platform First Choice Healthcare Solutions, Inc. is entering into a strategic partnership with Steward Health Care System (Steward), the largest private hospital operator in the US.
This will see Steward making an investment of US$7.5 million for five million shares in First Choice Healthcare Solutions, which will enable the company to continue to expand its business model and geographic footprint on a national scale.
Through the partnership, First Choice will expand its orthopaedic and spinal care delivery platform into Steward’s nationwide hospital network.
“We have been developing our strategic plan with Steward Health Care … and it is with great honour to formally announce this strategic partnership and investment,” said Chris Romandetti, President and CEO of First Choice. “Together, we will review the process to roll out our unique, proven delivery platform among Steward’s 34 other hospital facilities and evaluate which locations can benefit both companies in a synergistic way. Additionally, given Steward’s vast footprint and sheer volume of patients, there are significant long-term benefits that will directly affect both of our companies positively.”