---
title: "Wellgistics Health Forms Healthstar JV With Kare Hub; $2M Stock Consideration, 51% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283194799.md"
description: "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."
datetime: "2026-04-17T20:53:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283194799.md)
  - [en](https://longbridge.com/en/news/283194799.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283194799.md)
---

# Wellgistics Health Forms Healthstar JV With Kare Hub; $2M Stock Consideration, 51% Stake

Wellgistics Health entered into a Collaboration Agreement to form Healthstar, a joint venture with Kare Hub, holding a 51% stake while Kare Hub holds 49%. Kare Hub will contribute specified intellectual property and related assets to the JV. As consideration, Wellgistics will issue $2.0 million in unregistered common stock to Kare Pharmtech, including 1.5 million shares at closing and additional shares by April 1, 2027 to true-up based on a two-day VWAP. Kare Pharmtech agreed to a 12-month lock-up on received shares, subject to limited exceptions.

**Agreement details:**

-   **Agreement type**: Collaboration Agreement and joint venture formation
-   **Counterparty**: Kare Rx Hub; Kare Pharmtech; Healthstar Technologies
-   **Signed / Effective**: Apr 13 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Form JV to scale healthtech and pharmacy solutions

Original SEC Filing: Wellgistics Health, Inc. \[ WGRX \] - 8-K - Apr. 17, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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