First Choice Healthcare Solutions announced it has entered into a definitive merger agreement with Westin Acquisition, a special purpose acquisition company, in a transaction expected to accelerate First Choice’s rebrand to Wellgevity 360, a healthcare and wellness platform focused on longevity, preventative care, and personalized, biology-driven treatment. The transaction values First Choice at a pro forma enterprise value of approximately $650 million.
Under the agreement, Westin will domesticate from the Cayman Islands to Nevada and continue as Wellgevity 360, Inc., after which a merger subsidiary will combine with First Choice, leaving First Choice as a wholly owned subsidiary of the newly formed public company. The combined company is expected to trade on Nasdaq, with the transaction expected to close in the fourth quarter of 2026, subject to customary regulatory and shareholder approvals. First Choice currently operates functional health, longevity, and regenerative medicine clinics, integrating primary care, advanced diagnostics, regenerative therapies, medical weight loss, and hormone optimization.
According to the Global Wellness Institute, the U.S. wellness economy is valued at $2.1 trillion and has grown at an annual rate of 7.9 percent from 2019 to 2024, with per capita spending surpassing $6,000 in 2024. Celine & Partners, PLLC and Ogier served as legal advisors to Westin, Sichenzia Ross Ference Carmel LLP served as U.S. securities counsel to First Choice, and Geneva Capital Pte. Ltd. served as financial advisor to First Choice.
KEY QUOTES:
“The merger reflects our commitment to partnering with a company with an innovative healthcare platform, experienced management team and significant growth potential. We believe the Company is well positioned to capitalize on the growing demand for primary care, wellness and regenerative medicine services, and that this proposed transaction will provide the resources, public market access, and strategic flexibility needed to support its next phase of growth.”
Kok Peng Na, Chairman and CEO, Westin Acquisition Corp
“This business combination marks a transformative milestone for First Choice as we capitalize on the accelerating demand for longevity and functional medicine. By combining our clinical model with Westin’s public market access, we expect to be able to scale our operations rapidly, invest in cutting-edge health technologies, and expand our services to a broader patient base seeking to optimize their health span and lifespan.”
Lance Friedman, CEO, First Choice Healthcare Solutions
