Coordinated HealthCare, Inc. Intent to Acquire Hialeah Medical Plus, Inc.NORTH MIAMI North Miami, city (1990 pop. 49,998), Dade co., SE Fla., a growing suburb of Miami, on Biscayne Bay; inc. 1926. It is mainly residential, but has considerable retail development. Manufactures include boats, wooden furniture, and aluminum products. , Fla.--(BUSINESS WIRE)--May 28, 1998--Coordinated HealthCare, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CHCK CHCK Channel Check ), today announced that it has signed a binding Letter of Intent to acquire Hialeah Medical Plus, Inc. The proposed acquisition is subject to a number of conditions including the completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . Hialeah Medical Plus, Inc., is a 20-year-old family practice center located in East Hialeah, Florida. The center is contracted both as a Humana HealthCare affiliated provider, and with Physicians Corporation of America (PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. ) -- a provider of full and partial risk managed care for Medicare and commercial patients. The center has maintained a high level of patient enrollment throughout its operation. Currently, Hialeah Medical Plus, Inc., is poised to enroll 500 new managed care patients, due to the fact that they can provide 24-hour supervision by certified family practice physicians Thomas J. Taule, Chairman/CEO if Coordinated HealthCare, Inc., stated, "The value of the combination of this acquisition and the pending acquisition of Aventura Wellness Center, Inc. (a full/partial risk managed care provider) is expected to reflect in excess of $1,000,000 in assets and contractual financial reserves earned, $250,000 in net worth and a base of revenue approximating a minimum of $1,000,000 in gross service billings." He continued by stating that, "The Federal Government has announced through the Health Care Financing Administration Health Care Financing Administration, n.pr department in the U.S. agency of Health and Human Services responsible for the oversight of the Medicaid and Medicare benefit programs, including guidelines, payment, and coverage policies. (HFCA HFCA High Frequency Chin Array (mine detection SONAR; US Navy) HFCA Helicopter Flight Coordination Area ) the need to streamline delivery of health care and has given incentives to providers who pool, merge and consolidate. Coordinated HealthCare has identified a number of additional small provider groups whom they can streamline and bring under their umbrella. This will serve to both minimize the severe financial restrictions of new catastrophic insurance premiums and manage costs, staff, care delivery and specialty referrals, thus creating greater profit through cost control and preventative medicine." Coordinated HealthCare, Inc., is a physician practice management company that organizes and manages primary care physician practices and liaisons networks that contract with Health Maintenance Organizations (HMOs) and other prepaid health insurance plans to members who select a Coordinated Board Certified board certified, adj the status of a dental specialist such as an orthodontist who has become a board diplomate by successfully completing the certification program of the recognized certification board in that area of practice. Primary Care Physician.
CONTACT: C. Jones & Company
Allen Jones, 303/470-8783
E-mail: cjones@dimensional.com
Web Site: www.cjonescompany.com
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