Wellgistics Health Forms Healthstar JV With Kare Hub; $2M Stock Consideration, 51% Stake
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Wellgistics Health has formed a joint venture named Healthstar with Kare Hub, where Wellgistics holds a 51% stake. As part of the agreement, Wellgistics will issue $2 million in unregistered common stock to Kare Pharmtech, which includes 1.5 million shares at closing and additional shares by April 1, 2027. Kare Pharmtech will provide intellectual property and assets to the JV and has agreed to a 12-month lock-up on the shares received. The agreement was signed on April 13, 2026, and is intended to scale healthtech and pharmacy solutions.
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