Critical Care to Acquire Health Care Company.
Ernest Remo, Chairman and Chief Executive officer of Critical Care noted, "We are delighted to have the opportunity to evolve our current relationship with Health Care Medical Technologies in this fashion. Healthcare Management Technology's operating margins exceed 40%, which is exciting even in this high margin sector."
HMCT provides its services to the State of South Dakota, to individuals referred by the State of South Dakota, and to regional health care services providers. Its services focus on health care cost containment and address traditionally high cost, and recurring cost conditions like Asthma, Diabetes, Oncology, Cardiac and weight management. Further information on HMCT is available at www.hcmti.com.
"We anticipate that this acquisition will be transformative in nature," added Remo. "With the closest comparable public company in this industry trading in excess of 70 times trailing earnings, HCMT will prove to be an extremely powerful growth engine for Critical Care and its shareholders."
About Critical Care
Critical Care, Inc. is a healthcare holding company focuses on providing patients with an entire continuum of "Wellness" programs. The Company offers programs in the areas of Population Health Management, Wellness Retreats and Wellness Motivation, among other sectors. More information on Critical Care can be found at www.criticalcareworld.com.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking.
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