First Choice to go public via SPAC merger at $650M valuation, rebrand as Wellgevity 360
What's the deal? First Choice Healthcare SolutionsDealroom has a profile for this one. Try Dealroom → has agreed to merge with Westin Acquisition CorpDealroom has a profile for this one. Try Dealroom →, a special purpose acquisition company, in a deal valuing First Choice at a pro forma enterprise value of about $650 million. The combined business will trade on Nasdaq and rebrand as Wellgevity 360.
The structure: Under the agreement, Westin will move from the Cayman Islands to Nevada and become Wellgevity 360, Inc. First Choice will then survive as a wholly owned subsidiary of the new public company.
What each does: First Choice develops and operates functional health, longevity, and regenerative medicine clinics. Its services span primary care, advanced diagnostics, regenerative therapies, medical weight loss, and hormone optimisation.
What's the endgame? First Choice wants to scale its national footprint and expand its technology infrastructure. The company describes its mission as delivering "clinician-led end-to-end, whole-person care" that combines primary care, wellness, and longevity services.
Why now? The US wellness economy reached $2.1 trillion in 2024, growing 7.9% annually since 2019, according to the Global Wellness Institute. Per-capita wellness spending topped $6,000 for the first time in 2024, at $6,293, now accounting for 7.33% of US GDP.
Globally, the wellness economy hit a record $6.8 trillion and is forecast to reach $9.8 trillion by 2029 at a 7.6% annual rate. First Choice is betting on longevity medicine's business model: cash-pay services reduce insurance dependency, while membership programs can generate recurring revenue from high-income patients.
Kok Peng Na, chairman and chief executive officer of Westin, said the merger reflects "our commitment to partnering with a company" in the space.
What's next? The transaction is expected to close in the fourth quarter of 2026, subject to customary approvals and closing conditions.
The signal: The deal reflects investor appetite for longevity and preventative care as consumers shift toward proactive health. With med-spas and aesthetics clinics evolving into holistic screening centres, First Choice is positioning to capture demand in one of the fastest-growing corners of healthcare.
Read more: StreetInsider
Image credit: Centers for Disease Control and Prevention
