Company: EHSI
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001437749-25-018958
Chunk: 0

Company: Elite Health Systems Inc.
Filing Date: 2025-05-30
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry onto a Material Agreement.

On May 29, 2025, Elite Health Plan, Inc. (“ Elite Health Plan”) a wholly owned subsidiary of Elite Health Systems Inc. (the “ Registrant”) was awarded a license as a full-service health care service plan pursuant to the provisions of the Knox-Keene Health Care Service Plan Act of 1976 (the “ Act”), as amended. Subect to the required approvals from the Centers for Medicare & Medicaid Services (“ CMS”), this license authorizes Elite Health Plan to engage in business as a health care service plan within the state of California subject to the provisions of the Act, the rules promulgated pursuant to the Act, and the orders of the director, until such time as the license is suspended or revoked. Elite Health Plan expects to file its calendar year 2026 bid submission to CMS within the next few days. The regulatory process is complex and there can be no assurance that CMS will approve its bid or that, if approved, that Elite Health Plan is able to maintain its license under the Act or its approval from CMS.

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