FOXO Technologies Inc. Announces Plans to Pursue Growth Through Healthcare Sector Acquisitions, Expansion of Operating Subsidiaries, and Investment in Pharmaceutical Services Business
Reuters
Dec 17
FOXO Technologies Inc. Announces Plans to Pursue Growth Through Healthcare Sector Acquisitions, Expansion of Operating Subsidiaries, and Investment in Pharmaceutical Services Business
FOXO Technologies Inc. has outlined its forward-looking strategy focused on augmenting organic growth with acquisitions in the healthcare sector. The company has formed a wholly owned subsidiary, FOXO Acquisition Corporation (FAC), to serve as a vehicle for future acquisitions and has created a new series of preferred stock, Series E Cumulative Redeemable Secured Preferred Stock, to support these activities. FOXO plans to invest capital to expand the operations of its recent acquisition, Vector BioSource, Inc., targeting growth in the pharmaceutical services sector. The company is also actively seeking additional acquisition opportunities to further expand its portfolio of healthcare-related businesses.
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