Westin Acquisition Corp. and First Choice Healthcare Solutions, Inc. entered into a definitive Business Combination Agreement on July 22, 2026, in a transaction that is expected to create a publicly traded healthcare and wellness company.
Under the proposed transaction, Westin Acquisition Corp., a Special Purpose Acquisition Company (SPAC), will first move its corporate registration from the Cayman Islands to Nevada and continue as Wellgevity 360, Inc. First Choice Healthcare Solutions will then become a wholly owned subsidiary of the new public company.
The transaction values First Choice Healthcare at approximately $650 million on a pro forma enterprise value basis. The combined company is expected to trade on the Nasdaq after the transaction closes.
The companies currently expect the transaction to close in Q4 2026, subject to shareholder approvals, SEC registration requirements, Nasdaq listing approval and other customary closing conditions. Therefore, as of September 23, 2026, the transaction should still be described as proposed/pending, rather than a completed acquisition.
Deal Snapshot
| Detail | Information |
| Acquirer / SPAC | Westin Acquisition Corp. |
| Target | First Choice Healthcare Solutions, Inc. |
| Deal Type | SPAC Business Combination / Merger |
| Announcement Date | July 22, 2026 |
| Transaction Value | Approximately $650 million pro forma enterprise value |
| Proposed New Company | Wellgevity 360, Inc. |
| Industry | Healthcare, Wellness & Longevity |
| Westin Exchange | Nasdaq |
| Westin Tickers | WSTN, WSTNR, WSTNU |
| First Choice Ticker | FCHS |
| Expected Exchange After Closing | Nasdaq |
| Expected Closing | Q4 2026 |
| Current Status | Proposed / Pending Closing |
| Key Regulator | U.S. Securities and Exchange Commission (SEC) |
The transaction details are based on the companies’ July 2026 announcement and subsequent SEC filings.
What Is the Westin–First Choice Healthcare Deal?
This transaction is structured as a SPAC business combination, rather than a straightforward cash acquisition.
Westin Acquisition Corp. is a SPAC created to combine with an operating business. Under the agreement, Westin will become Wellgevity 360, Inc., while First Choice Healthcare Solutions will survive as a wholly owned subsidiary of the new public company.
In simple terms, the structure is:
Westin Acquisition Corp.
↓
Domestication from Cayman Islands to Nevada
↓
Becomes Wellgevity 360, Inc.
↓
Merger with First Choice Acquisition Corp.
↓
First Choice Healthcare Solutions becomes a wholly owned subsidiary
↓
Combined company expected to trade on Nasdaq
This means it would be inaccurate to describe the deal simply as “Westin buying First Choice for $650 million.” The $650 million figure represents the announced pro forma enterprise value of First Choice in the proposed transaction.
Company Introduction
First Choice Healthcare Solutions:
First Choice Healthcare Solutions, Inc. is a U.S.-based healthcare company focused on developing and operating functional health, longevity and regenerative medicine clinics and related healthcare businesses.
The company’s strategy is centered on combining healthcare services with wellness and longevity-focused solutions. Its proposed Wellgevity 360 platform is intended to provide more integrated, whole-person healthcare services.
Its business areas include:
- Primary healthcare
- Functional medicine
- Longevity services
- Wellness
- Regenerative medicine
- Diagnostics
- Preventive healthcare
- Other related healthcare services
Westin Acquisition Corp.:
Westin Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) listed on Nasdaq.
A SPAC is a publicly traded company formed primarily to identify and combine with an operating business. Instead of building a traditional operating business itself, the SPAC provides a route through which a private or smaller company can potentially become part of a publicly traded company.
Westin is currently listed under the securities WSTN, WSTNR and WSTNU. Under the proposed transaction, Westin will domesticate as a Nevada corporation and continue as Wellgevity 360, Inc.
Why Is First Choice Rebranding as Wellgevity 360?
The proposed transaction is also designed to accelerate First Choice Healthcare Solutions’ strategic rebrand to Wellgevity 360.
The new platform is intended to focus on:
- Longevity
- Preventive healthcare
- Personalized healthcare
- Functional medicine
- Wellness
- Regenerative medicine
The broader idea is to bring different healthcare and wellness services together under one platform instead of operating them as completely separate services.
According to the companies, the goal is to provide clinician-led, whole-person care that combines primary care, wellness and longevity services.
What Does the $650 Million Valuation Mean?
The announced transaction values First Choice Healthcare at approximately $650 million on a pro forma enterprise value basis.
However, this figure should not be interpreted as a simple $650 million cash purchase price.
An enterprise value is a measure used to represent the overall value of a business and can differ from the amount of cash actually paid to shareholders.
The final transaction structure, ownership and financing details will depend on the transaction documents and subsequent SEC filings.
Therefore, for reporting purposes, the more accurate wording is:
“The proposed transaction values First Choice Healthcare at approximately $650 million in pro forma enterprise value.”
How Will the Transaction Work?
The transaction has several stages.
Step 1: Westin Changes Its Corporate Structure
Before closing, Westin will move its corporate registration from the Cayman Islands to Nevada.
It will then continue as Wellgevity 360, Inc., which will become the public holding company.
Step 2: First Choice Acquisition Corp. Merges With First Choice Healthcare
First Choice Acquisition Corp., a subsidiary created for the transaction, will merge with First Choice Healthcare Solutions.
First Choice Healthcare Solutions will survive the merger as a wholly owned subsidiary of Wellgevity 360.
Step 3: Combined Company Targets Nasdaq Listing
After the transaction closes, the combined company is expected to trade on Nasdaq.
The listing remains subject to the applicable requirements and approvals.
Another Important Healthcare Acquisition
There is another important transaction connected to First Choice’s expansion strategy.
In August 2026, First Choice disclosed a separate Stock Purchase Agreement involving Pointe Medical Services, Pointe Med Pharmacy, Livewell MD and Live Well Drugstore/Trulife Pharmacy.
The August filing makes clear that this acquisition agreement is separate from the Westin Business Combination Agreement, although the transactions are related.
Importantly, the filing states that neither the Westin business combination nor this separate acquisition had been consummated at that time. The acquisition closing is expected to occur contemporaneously with the business combination, subject to the specified conditions.
This means the Pointe-related acquisition should not be reported as an already completed acquisition either.
Why Is This Acquisition Important for First Choice?
The additional healthcare acquisition could help First Choice expand beyond its existing clinic and healthcare operations.
The businesses involved include medical and pharmacy-related operations, which could potentially broaden the services available through the company’s planned healthcare platform.
Strategically, this fits with the company’s broader plan to build a healthcare and wellness platform covering multiple areas rather than relying on a single healthcare service.
However, the actual financial impact will depend on the final closing of the acquisition and the financial performance of the acquired businesses.
Why Is the SPAC Structure Being Used?
The SPAC structure provides a route for a company to become part of a publicly traded entity without following the traditional IPO route.
For First Choice, the proposed transaction would provide access to the public markets through Westin’s existing Nasdaq-listed structure.
The companies say the transaction is intended to support the expansion of the Wellgevity 360 healthcare and wellness platform.
However, becoming a public company also brings additional regulatory, reporting and compliance requirements.
What Happens After the Deal Closes?
If all conditions are satisfied and the transaction closes, the expected structure will be:
Wellgevity 360, Inc.
→ Public holding company
→ Expected Nasdaq-listed company
First Choice Healthcare Solutions
→ Wholly owned subsidiary
→ Healthcare and wellness operating business
The company intends to build the Wellgevity 360 platform around healthcare, wellness, longevity and related services.
Key Conditions Before Closing
The transaction is not automatic. Several conditions need to be completed before the deal can close.
These include:
- Shareholder approvals
- SEC registration requirements
- Nasdaq listing approval
- Completion of required financing arrangements
- Other customary closing conditions
- Completion of the corporate domestication and merger steps
The companies have targeted Q4 2026 for closing, but the target date is subject to these conditions.
What Should Investors Watch Next?
The next important developments will likely come from transaction-related SEC filings.
Investors and market observers should watch for:
- Registration statement
- Proxy/prospectus documents
- Shareholder voting results
- Nasdaq listing developments
- Financing details
- Final ownership structure
- Share issuance
- SPAC shareholder redemptions
- Updated financial statements
- Closing announcement
- Details of the related healthcare acquisitions
These documents can provide more detail than the initial transaction announcement.
Business Analysis
The proposed transaction combines three major elements.
1. Public-Market Access
First Choice would gain a path toward becoming part of a Nasdaq-listed public company through the Westin SPAC structure.
2. Healthcare Platform Expansion
The company is attempting to build a broader platform covering healthcare, wellness, longevity and related services.
3. Expansion Through Additional Acquisitions
The separate Pointe-related acquisition shows that First Choice is also pursuing expansion through acquisitions of healthcare and pharmacy-related businesses.
Together, these transactions are intended to support the development of the proposed Wellgevity 360 platform.
Source: SEC , globenewswire
