Welcome to our dedicated page for Phoenix Life Sciences International news (Ticker: PLSI), a resource for investors and traders seeking the latest updates and insights on Phoenix Life Sciences International stock.
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Phoenix Life Sciences International Limited (PLSI) has announced a letter of intent for a merger with ArCare Holdings Sdn Bhd, a tech company focused on electronic healthcare benefits management. The merger is set to close in Q1 2022, leading to a name change to ArCare. ArCare aims to enhance patient outcomes and reduce healthcare costs and will integrate PLSI's resources. Post-merger, the board will be replaced, and PLSI will transition into a discontinued entity. Dr. Jeevan Muthiah, CEO of ArCare, expects to leverage public market visibility to accelerate growth.
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