LOS ANGELES, CA, Oct. 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – WPF Holdings, Inc. (OTC PINK: WPFH), announces that it has signed a definitive agreement to acquire Virtual Health Holdings, Inc. (VHHI) a Florida corporation which is the parent holding company of the CareClix™ group of telemedicine companies. The acquisition will be a stock for stock exchange and WPFH will issue 6 million unregistered common shares for all of the outstanding common shares of VHHI. In addition to the stock consideration, WPFH has committed to providing working capital monthly for the CareClix companies over the next nine months, commencing at closing. 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.
CareClix Anywhere™ is a full spectrum virtual healthcare product, designed by doctors for doctors, for individuals to address their diverse healthcare needs. It is a product that addresses episodic issues, as well as comorbidities and co- conditional needs of the individual. The CareClix companies have gained momentum internationally through a unique international sales force and strategic relationships. CareClix also utilizes an internal sales team, an independent sales team and distribution channels such as system integrators, healthcare providers, IT companies, and benefits administrators, to reach a growing number of countries and all 50 US states. For over 10 years, ...