Access Health Alternatives, Inc. Acquires Continua Health Services and EMDx Corporation; Technology Platform to Underpin the Company's Provider Networks.Business Editors/High-Tech, Health & Medical Writers ORLANDO, Fla.--(BW HealthWire)--Jan. 22, 2001 Access Health Alternatives, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHMX), today announced the acquisition of Continua con·tin·u·a n. A plural of continuum. Health Services health services Managed care The benefits covered under a health contract and EMDx Corporation through a share exchange agreement for 750,000 shares of common stock in Access Health. The companies, which were privately held and have common ownership, are located in Savannah, Georgia Savannah is a city located in (and the county seat of) Chatham County, Georgia (USA). The city's population was 128,500 in 2005, according to the most recent U.S. Census estimate. Savannah was the first colonial and state capital of Georgia. , where they will continue to operate as subsidiaries of Access Health. Continua has developed a technology based approach for the electronic management of healthcare information. Continua uses its proprietary information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. and management system, CUBE, coupled with existing and proven applications to harness the power of technology in support of the movement and analysis of information within the healthcare industry. EMDx provides cost savings programs to third party administrators and health plans. The combined operations of the acquired companies will show unaudited revenues of approximately $1,100,000 for calendar year 2000, with a slight profit. Access Health had previously announced a strategic relationship with Continua in the technology systems area. "The relationship with Continua has already proven to be beneficial to the development and implementation of the Access Health business plan. The opportunity to acquire these companies, and particularly its experienced healthcare personnel, solidifies one of the key components of the Access Health business model," stated Daniel J. Pavlik, President of Access Health. "We believe this arrangement also provides us with the opportunity to react and respond rapidly to the changes in the healthcare sector from a technology standpoint. In addition, we are excited about the opportunity these acquisitions provided to greatly enhance the development of our nutritional network through the internet." "The potential of this relationship is extremely exciting," said Robert B. Hallock II, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Continua and EMDx. "The model that Access Health has created is one that can have a tremendous and positive impact on the way healthcare can and should be delivered. With the addition of technology that can add efficiencies and powerful communication capabilities that recognize the implications of the new regulations contained in the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ), we will find ourselves very well placed in the market." About Access Health Alternatives, Inc. Access Health is building a diversified national complimentary and alternative medicine (CAM) network. The Company, through its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. Access HealthMax, Inc., presently offers nutritional programs within a clinical setting through a network of licensed healthcare providers. The common stock of Access Health Alternatives, Inc. is currently traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol, "AHMX". The Company maintains its corporate offices in Orlando, Florida. About CONTINUA CONTINUA Health Services d/b/a eCONTINUA provides Internet-based management services to the healthcare industry, specifically managed health care. eCONTINUA presents a full range of health systems specific administrative services and management functions which provide a complete outsourcing solution for emerging healthcare organizations or those organizations desiring to upgrade their existing technology. eCONTINUAs centrally based proprietary operating system, cLink Clink, district in Southwark, a Greater London borough, England. The Clink prison was used from the 13th cent. as a detention place for heretics. Its name is now a slang term for a prison or jail. (sm), is designed to deploy eCONTINUA services and functions via third generation Internet technology to health plans around the country, and globally in the case of multi-national employers. This gives eCONTINUA's partners the ability to immediately access technology and management tools that would otherwise be beyond their budgets. The company maintains its offices in Savannah, Georgia. About EMDx EMDx was founded in 1997 to provide discounted diagnostic services diagnostic services, n.pl the imaging and laboratory capabilities available for determining the cause of an illness. to third party administrators (TPA's) and managed care programs. The company has contracts with six TPA's and operates in 3 states in the south east. The Company maintains its offices in Savannah, Georgia. This press release contains certain forward-looking statements that may be based on current expectations that involve a number of risks and uncertainties. Accordingly, to the extent that this press release contains forward-looking statements regarding the Company's goals, number of centers projected, possible revenue, or other aspects of the financial condition, operating results, or business prospects of the Company, please be advised that the Company's actual financial condition, operating results and business performance may differ materially from those projected or estimated by the Company in such forward-looking statements. |
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