HHII Poised to Capitalize on Growing Home Healthcare Market
Geographic Location and Medicare-Approved Status Position Home Health International Inc. (Pink Sheets: HHII) for Rapid Growth
(firmenpresse) - VERO BEACH, FL -- (Marketwire) -- 04/12/12 -- Home healthcare is a rapidly growing industry and Home Health International Inc. (PINKSHEETS: HHII) is poised to capitalize on the increasing demand for home health services.
Home Health International is geographically located in a marketplace prime for expansion and growth. According to the National Association for Home Care and Hospice, approximately 12 million people in the U.S. require some form of home healthcare services. More than two-thirds (69%) of home healthcare recipients are over age 65. Census data show that the state of Florida -- where Home Health International is located -- led the nation with the highest proportion of people age 65 and over (17%) in 2008.
Additionally, spending on home healthcare services continues its rapid climb with Medicare covering a significant portion of the tab. The Centers for Medicare & Medicaid Services (CMS) estimated nationwide spending for home healthcare services to be $65 billion in 2008 with an increase to $72.2 billion in 2009. Medicare is the largest single payer of home healthcare services, accounting for approximately 41% of home health expenditures nationwide. As a Medicare-approved agency, Home Health International is properly positioned to absorb a significant share of the ever-growing industry revenue stream.
But once again, Home Health International's location proves a benefit. Home healthcare expenditures in Florida have experienced near double-digit growth year over year since 2007. From 2008-09, Florida experienced an increase of 9.2% in home health expenditures ($4.8 million, 2008; $5.3 million, 2009; Florida Agency for Healthcare Administration). This rate of increase was enough to crown home health the fastest growing healthcare expenditure in Florida.
The positive market outlook and growing demand for quality home health agencies has provided a multitude of recent opportunities for Home Health International Inc. HHII is currently in negotiations with several referral agencies, doctors, and hospitals. Additionally, the organization is recruiting additional staff and strengthening relationships with nurse staffing agencies in preparation for its planned growth.
About Home Health International Inc.
Home Health International Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company received shareholder and board approval to amend its Articles of Incorporation to change its name to Home Health International Inc. This change was approved by FINRA and became effective on March 26, 2012.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Home Health International Inc. undertakes no obligation to update such statements.
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Datum: 12.04.2012 - 12:30 Uhr
Sprache: Deutsch
News-ID 134322
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VERO BEACH, FL
Kategorie:
Commercial & Investment Banking
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