Universal Wellness to acquire a healthcare company

• Universal Wellness (OTCPK:ADHC) executes a letter of intent to acquire a medical staffing company.
• The company to be acquired has generated over $65M in revenue over the last 5 years, including over $18 mm in 2020 and $15 mm in 2021. Current revenues for 2022 are projected to exceed $20M annually. Profitability has averaged ~15% or over $2.7M for 2021 on an EBITA basis.