Company: EHSI
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001437749-25-022124
Chunk: 1

Company: Elite Health Systems Inc.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 3.02
Chunk 1
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 all the net proceeds from the Private Placement toward the continued development of the business of Elite Health Plan, Inc. a wholly-owned subsidiary of the Company (“ Elite Health”), the integration by the Company of the acquisition contemplated under the PSS Transaction and operational activities to support these efforts. Elite Health has a limited operating history. It was formed in 2017 with the purpose of establishing a managed care organization that will operate as a Medicare Advantage plan for seniors. It is expected that Elite Health will initially operate in the California counties of San Bernadino, Los Angeles, and Riverside with the objective of addressing the growing number of Medicare eligible seniors in these markets, while continuing to explore expansion and applicable licensure in other portions of California and other states including Nevada. The Company disclosed in a Form 8-K dated and filed with the SEC on June 3, 2025 that Elite Health was notified by the Centers for Medicare and Medicaid Services (“ CMS”) that CMS has conditionally approved Elite Health’s Contract Year (CY) 2026 Medicare Advantage/Medicare - Prescription Drug (MA-Only/MA-PD) application. To enter into the contract with CMS as an MA/MA-PD organization, CMS must also approve Elite Health’s bid, including formulary, as required by 42 CFR 422 Subpart D and 42 CFR 423 Subpart F. Additionally, CMS requires that Elite Health must complete all other required pre-implementation activities, including system and data testing.

2

This current report on Form 8-K is issued in accordance with Rule 135c under the Securities Act, and is neither an offer to sell any securities, nor a solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Item 8.01Other Events.