Navigation Links
Medical Care Technologies Inc. Closes $200,000 Bridge Loan Financing for Kids' Health Center
Date:9/13/2011

BEIJING, Sept. 13, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a rapidly growing children's healthcare service provider, is pleased to announce that, through ReachOut Holdings Limited, its Hong Kong subsidiary, it has closed a $200,000 bridge loan agreement with a private investor for its first children's health and wellness center located in Dongguan, Guangdong Province, China.

The terms of the bridge loan are unsecured and bear an annual interest rate of 10% for a thirty (30) day term. Reimbursement of the loan is due in principal plus all accrued interest at the end of the thirty day period.

This financing concludes the second last stage in funding to complete the licensing process of Teddyberry™ and Company, the Company's Chinese subsidiary and to which the Company has named its first flagship children's health and wellness center.  The funds will be invested in a demand deposit account and will be used to fulfill the requirements of Chinese government health authorities of proving ReachOut's strong financial backing from accredited investors.

Teddyberry™ and Company, once completed, will be a 4,000+ square foot facility that is expected to serve a community and broader metropolitan area of 10 million people, including more than 1 million children.  The health center will also directly serve the two (2) neighboring municipalities of Guangzhou and Shenzhen, home to over 25 million residents. Management expects its children's health center to treat roughly a minimum of 300 patients weekly, generating an estimated $30-40 million Yuan Renminbi (RMB) in revenues, which translates to approximately $4.5 to $6 million U.S. Dollars in revenues yearly.

"This financing marks a significant milestone in the development of the Teddyberry™ project," said Ning Wu, CEO and President of Medical Care Technologies Inc. "We are very pleased with the strong investor reception for this financing,
'/>"/>

SOURCE Medical Care Technologies Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
2. You May Have a Thyroid Problem and Not Know It - Particularly If Youre Over 60, Says a New Harvard Medical School Report
3. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
4. Globus Medical Raises $110 Million in Series E Financing Round
5. Quark Pharmaceuticals Appoints New Chief Medical Officer
6. Boston University Biomedical Engineers Find Chink in Bacterias Armor
7. Rochester Medical Anti-Infection Foley Catheter Demonstrates Effectiveness in Randomized Trial
8. Rockwell Medical Technologies, Inc. Begins Patient Enrollment for its SFP Dose-Ranging Study
9. Flexible Medical Systems Raises $1.2M Seed Investment for Initial Human Trials
10. Cleveland Clinic Summits to Focus on Cardiovascular Medical Innovation
11. Rockwell Medical Technologies, Inc. Begins Dosing Patients for SFP Phase IIb Clinical Study
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/11/2014)... On Thursday, July 10, ... Dow Jones Industrial Average finished the day 0.42% lower at ... The losses were broad based as eight out of ten ... Care Sector Index ended the day at 711.88, down 0.02%, ... month. Investor-Edge has initiated coverage on the following equities: Covidien ...
(Date:7/11/2014)... , July 11, 2014 Research ... addition of the "Immunoprotein Diagnostic Testing Market ... the highest CAGR of 6% and is expected ... report to their offering. ... immunoprotein diagnostic testing has been segmented according to ...
(Date:7/11/2014)... Show organisers report ... Expo 2014 were a brand new audience ... London , plus a 10% increase ...      (Logo: http://photos.prnewswire.com/prnh/20130723/629764-a) ...      (Photo: http://photos.prnewswire.com/prnh/20140711/696892-b ) ...
Breaking Medicine Technology:Health Care Equipment Equities Movers and Shakers -- Research on Covidien, Baxter, DexCom, and Boston Scientific 2Health Care Equipment Equities Movers and Shakers -- Research on Covidien, Baxter, DexCom, and Boston Scientific 3Health Care Equipment Equities Movers and Shakers -- Research on Covidien, Baxter, DexCom, and Boston Scientific 4Immunoprotein Diagnostic Testing Market - Forecasts to 2019: Expected to grow at the highest CAGR of 6% and is expected to be valued at USD 4,943.0 million 2UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 2UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 3UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 4
... July 12, 2011 Particle Sciences ... Systems, a leading provider of pre-clinical pharmacokinetic services, ... together to provide their clients with enhanced drug ... the dosage form development scheme.   ...
... Helping Virologists Keep,Up- to- Date ... Elsevier ( http://www.elsevier.com ) has,announced the publication of the first ... in its prestigious Current Opinion,series, publishing six issues a year. ... filtered approach to the ever-expanding wealth of research,published on viruses and ...
Cached Medicine Technology:Particle Sciences and Absorption Systems Form Relationship to Offer their Clients Enhanced Services 2Elsevier Launches Current Opinion in Virology 2
(Date:7/12/2014)... 12, 2014 The rise in the ... for new advanced network architectures to suit the upsurge. ... industry with increasing cloud storage technologies. The data traffic ... more mobility devices. This has resulted in larger and ... driving forces for the SDN market. , The North ...
(Date:7/12/2014)... The "North American Interventional ... by Angioplasty Balloon (Plain/Old, Cutting), Stent ... Filter (Retrievable), Endovascular Stent Graft - ... the major market drivers, restraints, and ... , Browse 108 market data tables ...
(Date:7/12/2014)... (PRWEB) July 12, 2014 The Security ... in 2013 to $3,376.6 million by 2019, at an ... and 2019. The challenges to counter the increasing number ... existence of outdated cyber defense systems in organizations are ... innovating and remodeling their existing architecture to develop better ...
(Date:7/12/2014)... July 12, 2014 Casinos ... despite rising competition from international and online casinos. Revenue ... over the five years through 2014-15. Greater per capita ... more gaming services. Rises in discretionary income levels have ... money on non-essential items such as casino gambling services. ...
(Date:7/12/2014)... "The second toes cross over the big toes ... shoes," said an inventor from East Hartford, Conn. This gave ... happening. , He then created a prototype of the Comfort ... and big toes from overlapping. This avoids discomfort and pain, ... easy to use, it's ideal for people with foot problems, ...
Breaking Medicine News(10 mins):Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 2Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 3Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 4Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 5Health News:North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets 2Health News:North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets 3Health News:North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets 4Health News:North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets 5Health News:North America Security Analytics Market Worth $1,215.2 Million by 2019 - New Report by MicroMarket Monitor 2Health News:North America Security Analytics Market Worth $1,215.2 Million by 2019 - New Report by MicroMarket Monitor 3Health News:North America Security Analytics Market Worth $1,215.2 Million by 2019 - New Report by MicroMarket Monitor 4Health News:Casinos in Australia Industry Market Research Report Now Updated by IBISWorld 2Health News:Casinos in Australia Industry Market Research Report Now Updated by IBISWorld 3Health News:Casinos in Australia Industry Market Research Report Now Updated by IBISWorld 4
... WASHINGTON, Oct. 9 The leaders of Ford Motor Company ... to help revitalize America,s auto industry - they,re also coming ... million to give babies a healthy start in life. ... Library of Congress, the March of Dimes honored special volunteers ...
... With Healthcare Reform ... Certified Professional Coders to meet the upcoming need in healthcare reimbursements and coding. , ... Leesburg, Virginia (Vocus) October 9, 2009 ... is pleased to announce that two of its associates, Jackie Penna, CPC, and Nikki Hendrix, ...
... NCQA ... , ... (Vocus) October 9, 2009 -- Kaiser Permanente Hawaii leads the nation in ... for 2009. The data provided by the private, non-profit organization dedicated to improving health ...
... , ... a Physical Therapist has received a home exercise program, or HEP, that consisted of 2 to ... exercise. FIZIO is a new online service that is set on changing this practice by giving ... , ...
... ... an innovative iPhone application. The application allows for voice, alarm and text messages to be ... by Nurses who are finding they have more time to spend caring for patients. ... Sarasota,Fla (PRWEB) October 9, ...
... , ... Chews-4-Health, the world’s first super fruit, sea ... television show “Beauty Spaces” (from the producers of the award-winning show ... on the WE (Woman’s Entertainment) Network on Oct. 16 at 7:30 ...
Cached Medicine News:Health News:Ford and Labor Leaders Join Forces with March of Dimes 2Health News:Capture Billing Associates Elected to Local Chapter of the American Academy of Professional Coders 2Health News:Kaiser Permanente Hawaii Leads the Nation in Breast Cancer Screening 2Health News:Kaiser Permanente Hawaii Leads the Nation in Breast Cancer Screening 3Health News:New Online Service Uses Video Instruction to Simplify Physical Therapy Exercises 2Health News:New Online Service Uses Video Instruction to Simplify Physical Therapy Exercises 3Health News:New Online Service Uses Video Instruction to Simplify Physical Therapy Exercises 4Health News:Sarasota Memorial Hospital Uses New Technology to Enhance Patient Experience 2Health News:Sarasota Memorial Hospital Uses New Technology to Enhance Patient Experience 3Health News:Chews-4-Health Dietary Supplements to be Featured on 'Beauty Spaces' 2Health News:Chews-4-Health Dietary Supplements to be Featured on 'Beauty Spaces' 3
Introducer Sheath Designed for Vascular Access...
Used to introduce balloon, electrode, closed or non-tapered end and,other catheters....
... The Driver Stent design, ... surpasses the limitations of stainless ... makes possible thinner struts, for ... support. The Driver Coronary Stent ...
The TAXUS Express Paclitaxel-Eluting Coronary Stent System is indicated for improving luminal diameter for the treatment of de novo lesions = 28 mm in length in native coronary arteries = 2.5 to = 3....
Medicine Products: