Cardiff Lexington signs LOI to buy multi-state musculoskeletal healthcare platform for up to $104 million
Bitget2026/09/24 12:00- Cardiff Lexington entered an LOI to acquire a multi-location musculoskeletal healthcare platform operating in multiple states.
- Purchase price consideration up to USD 104 million, including USD 30 million cash at closing and USD 10 million unsecured notes due in two years.
- Sellers would receive preferred equity valued to equal 35% of fully diluted equity post-closing, with potential conversion above USD 120 million valuation.
- Earnout of up to USD 12 million in common stock tied to EBITDA thresholds for 2027, 2028, 2029.
- Target closing date set for Nov. 16, 2026, subject to due diligence, financing, and definitive agreements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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