MarketWrapDaily.com Alert **HHII**
MarketWrapDaily Newsletter
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Tonight`s Alert is HHII HHII is the ticker symbol for Home Health International, Inc.
Is HHII on your watch list yet HHII Web Site:HomeHealthIntl.com Home Health International, Inc. (HHII: Pinksheets) is a provider of home health nursing, rehabilitation and personal care services.
Here are some healthcare statistics from HHII`s 4/12/12 press release:
“According to the National Association for Home Care and Hospice, approximately 12 million people in the U.S. require some form of home healthcare services. More than two-thirds (69%) of home healthcare recipients are over age 65. Census data show that the state of Florida — where Home Health International is located — led the nation with the highest proportion of people age 65 and over (17%) in 2008.
Additionally, spending on home healthcare services continues its rapid climb with Medicare covering a significant portion of the tab. The Centers for Medicare & Medicaid Services (CMS) estimated nationwide spending for home healthcare services to be $65 billion in 2008 with an increase to $72.2 billion in 2009. Medicare is the largest single payer of home healthcare services, accounting for approximately 41% of home health expenditures nationwide.” Read HHII full press release from 4/12/12 here: Press Release HHII is a provider of home health nursing, rehabilitation and personal care services.
It operate`s within two segments: Visiting Nurse, or VN, which provides skilled nursing and physical, occupational and speech therapy services primarily to Medicare beneficiaries and private care patients; and Personal Care, or PC, which provides custodial and personal care services.
HHII services are generally covered by federal and state government programs, commercial insurance and private pay.
HHII web site states” We believe in the importance of local recognition and seek to maintain and support the various trade names we operate under that have developed a reputation for high quality care among patients, referral sources and employees in their local communities. We maintain quality and consistency across locations and regions through our “Total Healthcare” mission, which trains our caregivers to look beyond the obvious needs of patients to be advocates for their physical, mental, and emotional needs, with the ultimate outcome of allowing them to age in place. We believe our philosophy in conjunction with our focus on the homebound, geriatric population leads to improved health outcomes”.
HHII announced news this morning (4/24/12). Read a copy of the press release below:
Home Health International, Inc. Completes Legal Due Diligence on Acquisition Targets Closing in 1 Week Press Release: Home Health International Inc.
VERO BEACH, FL–(Marketwire -04/24/12)- Home Health International, Inc. (Pinksheets:
HHII), announced today that is has completed its legal due diligence for the Mount Auburn acquisition satisfactorily and is now in the final stages of business review.
The Company recently signed an LOI to acquire Mount Auburn, a Medicate-certified Home Health Agency located in Miami-Dade County, Florida.
The Company anticipates the closing of the acquisition to be within the next five days based on the positive results from the business review.
To learn more about Home Health International, please visit http://www.homehealthintl.com.
About Home Health International Inc.
Home Health International Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company`s Articles of Incorporation changing the Company`s name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company received shareholder and board approval to amend its Articles of Incorporation to change its name to Home Health International Inc. This change was approved by FINRA and became effective on March 26, 2012.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements.
The forward-looking statements in this release are made as of the date hereof and Home Health International Inc. undertakes no obligation to update such statements.
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