Joint VentureApr 17, 2026, 04:47 PM
Wellgistics Establishes 51% Owned Joint Venture with Kare Rx Hub
AI Summary
Wellgistics Health, Inc. has entered into a Collaboration Agreement with Kare Rx Hub, LLC and Kare Pharmtech, LLC to form a new joint venture, Healthstar Technologies, LLC. Wellgistics will hold a 51% ownership stake in the new entity, while Kare Rx Hub will hold 49%. Kare Hub will contribute significant intellectual property, including patents, trade secrets, and trademarks, to Healthstar Technologies, LLC, with Wellgistics making a payment to Kare Pharmtech. This strategic partnership aims to leverage the combined assets for future business endeavors.
Key Highlights
- Wellgistics to hold 51% interest in Healthstar Technologies.
- Kare Rx Hub to hold 49% interest in Healthstar Technologies.
- Kare Hub contributes intellectual property to the joint venture.
- Wellgistics will pay Kare Pharmtech a purchase price.