Navigation Links
Vital Health Technologies, Inc. / Caribbean American Health Resorts Inc. Acquires Momentum Medical Group, Inc.
Date:2/25/2008

Acquisition of Momentum Medical Group, Inc. will provide substantial

revenues for the company

BEVERLY HILLS, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Vital Health Technologies, Inc. / Caribbean American Health Resorts, Inc. (Pink Sheets: CAHR) of Beverly Hills, California, today announced the acquisition of Momentum Medical Group, Inc. in a stock and corporate note deal valued at approximately $8 million.

With Momentum Medical un-audited revenues in excess of 6 million dollars for the year ended December 31, 2007, the addition will create substantial increase in Vital Health Technologies / Caribbean American Health Resorts' revenue stream.

Momentum Medical Group operates two 24 Hour Full Service Medical Clinics in California. It is a provider of affordable, accessible, and comprehensive medical care through its Medical clinics in the United States. Momentum's medical clinics are a paradigm for efficient delivery of high quality, accessible and affordable health care. First, the physical plant is formatted as a clinic rather than a medical office building and services are provided 24 hours on a walk-in or non-appointment basis. Like an emergency room, the facilities never close and all primary care services are immediately available on a round the clock 24 hour basis so that diagnosis and treatment can be provided immediately thereby minimizing progression of simple conditions into more severe conditions. Practitioners, basic radiology, physician office laboratory, prescription medications, injections, intravenous antibiotic and treatment therapy, casting and splinting, minor procedures, minor surgery and basic radiology are instantly available in office while more complex stat services can also be arranged while the patient is attended. 24 hour access with immediate treatment available creates a loyal patient following and customer satisfaction.

"Economies of scale are uniquely achieved in the 24 hour multi-specialty and family practice medical clinic format," says the owner, Dr. Edward Rubin, who is a veteran of the healthcare industry. Just to list the top several efficiencies over conventional health care industry. First, all specialties share a single, proprietary computerized management and billing system eliminating redundant clerical services as with a Medical Office Building format filled with independent practices. Second, medical information is shared and organized into a single electronic medical record so all practitioners have access to other practitioners' information thereby eliminating redundant testing which lowers cost and increases quality of care. Third, like super high priced concierge service, a practitioner is available 24 hours to answer questions regarding your accessible medical record. Fourth, specialty services are available by appointment and housed in the same facility using the same shared resources. Fifth, digital communication is available for stat services and for real time data transmission, processing and analysis. Lastly, real time verification of payor coverage and of clinical quality indicators is instantly available for professional review and/or payment processing. It is virtually unheard of for a physician office to provide all of these services," he concludes.

Mr. Hal Martin, CEO of Vital Health Technologies, Inc. / Caribbean American Health Resorts, Inc, says that, "Lower cost, superior access and higher quality care and service is ultimately the outcome of such a hyper-efficient health care delivery format. This lower cost and wider breadth of service with real time computerized reporting of quality indicators and other critical data make Momentum Medical Group, Inc. attractive to workers compensation carriers and employers, insurance companies and health maintenance organizations, and most of all, to private pay and working patients who need flexible and immediately available medical service." Mr. Martin continues to say that "With the nation's $2 trillion health care system in need of repair, Momentum Medical Group, Inc.'s 'Superclinics' can be the paradigm for health care delivery for the next decades."

About Vital Health Technologies, Inc. / Caribbean American Health Resorts, Inc.

In today's global economy there is an increasing demand for affordable, accessible, and comprehensive medical care. Vital Health Technologies, Inc. through its medical clinics subsidiaries' provides the ideal solution for these and many other needs. These services are provided by well trained and knowledgeable personnel. The mission of this Company is to create more efficient, accessible and productive model for providing high quality health care at affordable cost.

For more information visit http://www.cahrinc.com or email info@cahrinc.com

Safe Harbor Statement

Statements in this release are not historical, are forward looking and involve known and unknown risks and uncertainties, which may cause Vital Health Technologies / CAHR's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, the need to raise equity capital, the ability to obtain equity financing on acceptable terms, if at all, a severe worldwide slowdown in the services sector, working capital constraints, fluctuations in customer demand and commitments, fluctuation in quarterly results due to the timing of services and our capacity to fulfill them, introduction of new services, commercial acceptance and viability of new services, pricing and competition, reliance upon subcontractors, and the timing product introductions. Further, Vital Health Technologies / CAHR operates in an industry sector where securities values are volatile and may be influenced by economic and other factors beyond Vital Health Technologies / CAHR's control, such as announcements by competitors and service providers.


'/>"/>
SOURCE Vital Health Technologies, Inc.; Caribbean American HealthResorts,
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Large intensive care study reveals vital recommendations for treatment of brain injury patients
2. Study details regulation of vital tumor suppressor gene p53
3. Catholic Charities USA Calls on Congress and the President to Protect the Health of Children; Urges President Not to Veto Vitally Important Bill
4. Shop n Save Pharmacy Helps Vitalize Members of Wellness-based Health Insurance Plan
5. Grand Opening of Regence Boys & Girls Club Marks a Milestone in Historic New Columbia Community Revitalization
6. Vital Work of Emergency Nurses Honored Across the Nation During Emergency Nurses Week, October 7-13, 2007
7. VitalKey Introduces the Pink Key(R)
8. DaVita Emergency Response Efforts Ensure Vital Treatment for More than 700 Kidney Failure Patients in Need of Life-Saving Dialysis Treatments in Areas Affected by Southern California Wildfires
9. NIH doubles support for vital HIV/AIDS research center
10. Vital Images to Present at the CIBC World Markets 18th Annual Healthcare Conference on Wednesday, November 7
11. CVS Pharmacists Serve a Vital Role in Helping Patients Manage Diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/7/2016)... KING OF PRUSSIA, PA (PRWEB) , ... December 07, 2016 , ... ... of clinical trials with the announcement that it is one of the early adopters ... EU-U.S. Privacy Shield Framework is designed to provide companies on both sides of the ...
(Date:12/7/2016)... ... 2016 , ... Kenall Manufacturing, a leader in sealed healthcare lighting for more ... a multi-function, sealed, LED luminaire that meets the needs of everyone in the patient ... , A 2’ x 4’ model features four modes: reading, ambient, standard ...
(Date:12/7/2016)... UTAH (PRWEB) , ... December 07, 2016 , ... ... announced the release of Smart Device Remote Control through a new partnership with ... all platforms and strengthens its mobile solutions to help businesses maximize their uptime ...
(Date:12/7/2016)... ... 2016 , ... In the early morning of October 30, Newton County Sheriff’s ... he lost control of his patrol car. The vehicle overturned into an embankment, causing ... to Atlanta Medical Center, where he later succumbed to his injuries. Justin White leaves ...
(Date:12/7/2016)... ... December 07, 2016 , ... A quote from Dr. Edward Hallowell, host of ... media that offer a rare glimpse into the mind of those people with ADHD. ... Times bestselling author, has described people with ADHD as having “Ferrari engines for a ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... 2016 True Health Diagnostics today announced ... services and management expertise to hospital systems throughout ... more doctors and patients to benefit from state-of-the-art ... Logo - http://photos.prnewswire.com/prnh/20161208/447162LOGO ... pressure to contain costs, have struggled to keep ...
(Date:12/8/2016)... 2016 Information products and services provider ... Scopus , the world,s largest abstract and citation database of ... for journals from over 5,000 publishers. The new set of metrics ... to and when to adjust a journal,s editorial strategy. ... , , ...
(Date:12/8/2016)... 8, 2016 A Small Business Innovative Research ... of Health (NIH) to Phoenix -based ... The grant will seek to determine an optimal ... utilizes electromagnetic waves to treat Alzheimer,s Disease. The grant ... to possibly treat other neurologic disorders such as Parkinson,s ...
Breaking Medicine Technology: