FOXO Technologies Announces Acquisition of Assisted Living Facility in South Florida for $22 Million

FOXO Technologies Inc. has executed a non-binding acquisition agreement for an assisted-living facility in South Florida for a total consideration of $22 million. The facility has 87 units licensed for assisted living and memory care services. The purchase price includes $5M in non-convertible preferred stock. The acquisition is subject to definitive agreements, satisfactory due diligence, and financing. Completion is expected to add over 350 units providing assisted living and memory care services. The company also expects to confirm a definitive agreement for the acquisition of Vector Biosource, Inc. and file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

FOXO Technologies Inc. (NYSE American: FOXO) has announced the execution of a non-binding acquisition agreement for an assisted-living facility in South Florida. The facility, which has 87 units licensed for assisted living and memory care services, will be acquired for a total consideration of $22 million. The purchase price includes $5 million in non-convertible preferred stock [1].

The acquisition is subject to definitive agreements, satisfactory due diligence, and financing. Upon completion, FOXO expects to add over 350 units providing assisted living and memory care services to its portfolio. The company also anticipates confirming a definitive agreement for the acquisition of Vector Biosource, Inc. and filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 [2].

This strategic move aligns with FOXO's ongoing expansion in the healthcare services sector, particularly in the assisted living and memory care segments. The company has been actively pursuing acquisitions to enhance its service offerings and expand its market reach.

References:

[1] https://finance.yahoo.com/quote/FOXO/press-releases/
[2] https://finance.yahoo.com/quote/FOXO/press-releases/