CST: 28/10/2016 08:53:24   

First Choice Healthcare Issues Update on Pending Sale of Marina Towers Building

233 Days ago

MELBOURNE, FL--(Marketwired - Mar 8, 2016) -  First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) ("FCHS," "First Choice" or "the Company"), one of the nation's only non-physician-owned, publicly traded healthcare services companies focused on the delivery of Orthopaedic care and treatment, today issued a formal update on the pending $15.45 million sale of its real estate holding, Marina Towers, a 78,000 square foot office building in Melbourne, Florida.

As previously announced on January 20, 2016, the original closing of the building sale to Global Medical Reit Inc. was subject to customary due diligence and expected to close on or before Monday, March 7, 2016. Although the due diligence process has been completed, the actual closing is now expected to occur on or before March 31, 2016.

About First Choice Healthcare Solutions, Inc.
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is implementing a defined growth strategy aimed at building a national collective of world class medical centers of excellence in key expansion markets throughout the U.S. with concentration in neurology, orthopaedics, spine surgery and interventional pain medicine, as well as related ancillary care services. Serving Florida's Space Coast, the Company's flagship regional network currently administers over 100,000 patient visits each year and is comprised of First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center. For more information, please visit www.myfchs.com,www.myfcmg.com,www.thebackcenter.net and www.cranecreeksurgerycenter.com.

Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.

At Wolfe Axelrod Weinberger Associates
Donald C. Weinberger
Stephen D. Axelrod, CFA

At Institutional Marketing Services
John Nesbett
Jennifer Belodeau

At First Choice Healthcare Solutions, Inc.