First Choice Healthcare Solutions Inc (FCHS)

[geodan]

WarrantsBotBack:11/18/16 -- First Choice Healthcare Solutions, Inc.(FCHS) , one of the nation's only non-physician-owned, publicly traded healthcare services companies focused on the delivery of total musculoskeletal solutions with an emphasis on Orthopaedics, including spine care and treatment, today announced that it has completed the repurchase of a cashless warrant from Hillair Capital Investments, L.P. ("Hillair"), which provided Hillair with the right to purchase 2.32 million shares of the Company's common stock at an exercise price of $1.35 (the "Warrant"). The Warrant was originally issued to Hillair on November 8, 2013 in connection with a convertible debt financing that was paid back in full in August 2015. First Choice paid Hillair $600,000 for the repurchase of the Warrant, which has been canceled by the Company.

Commenting on the Warrant repurchase, First Choice President and CEO Chris Romandetti stated, "We are very pleased to have repurchased and canceled this Warrant, eliminating overhang which could have had a significant dilutive impact on our share value and fellow shareholders. Moreover, given our growth momentum and positive outlook, using our cash to repurchase the Warrant was determined to be the best use of our capital and demonstrates our confidence in First Choice's future opportunities."

About First Choice Healthcare Solutions, Inc.(FCHS)
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions(FCHS) is implementing a defined growth strategy aimed at expanding its network of non-physician-owned medical centers of excellence, which concentrate on treating patients in the following specialties: Orthopaedics, Spine Surgery, Neurology, Interventional Pain Management and related diagnostic and ancillary services in key expansion markets throughout the Southeastern U.S. Serving Florida'sSpace Coast, the Company's flagship integrated platform 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.

I am a deep value investor, FCHS fits the bill have taken a position in last 10 days. Dirt cheap at 4 PE, for such a high growth company

https://ca.finance.yahoo.com/q/is?s=FCHS&annual

Period Ending Dec 31, 2015 ***Dec 31, 2014*** Dec 31, 2013
Total Revenue 19,518 *** 8,103 ********6,143
Cost of Revenue - - -
Gross Profit 19,518 *** 8,103 ********6,143


And see Zacks thinks this is just the beginning:

ZACKS ESTIMATES
Revenue
(in millions of $)
Q1 Q2 Q3 Q4 Year
(Mar) (Jun) (Sep) (Dec) (Dec)
2014 $2.2 A $2.1 A $1.9 A $1.9 A $8.1 A
2015 $2.5 A $4.3 A $6.3 A $5.7 A $19.5 A
2016 $6.6 E $7.5 E $8.6 E $9.6 E $32.3 E
2017 $10.6 E $12.0 E $14.6 E $16.6 E $53.7 E
Earnings per Share
(EPS is operating earnings before non recurring items)
Q1 Q2 Q3 Q4 Year
(Mar) (Jun) (Sep) (Dec) (Dec)
2014 $0.00A -$0.03A -$0.02A -$0.09A -$0.14A
2015 $0.00A -$0.03A $0.03A -$0.08A -$0.07A
2016 -$0.01 E $0.02 E $0.04 E $0.05 E $0.09 E
2017 $0.03 E $0.06 E $0.09 E $0.12 E $0.30 E
Zacks Projected EPS Growth Rate - Next 5 Years % 30