First Colombia Gold Corp (FCGD)

[linkvest]

First Colombia GoldCorp. (OTC: FCGD) a Nevada corporation transitioning into a holding company for diversified hospital operations and medical facilities, today announced the acquisition of UMMC Corp, a Texas operator of hospitals and medical facilities with eight operating medical facilities

FCGDacquisition of UMMC has been in the working for the past few months now. The acquisition documents have been signed by all parties. Most of the due diligence items have been completed and the closing of the acquisition occur once all required due diligence items have been completed. FCGD is paying for this acquisition with its preferred stock class. UMMC will continue its operations without interruption, operating as an independent subsidiary of FCGD.

The deal is valued at $158million based on the market value of UMMC Corp.s current portfolio of 8 hospitals and medical facilities.