PrimaCare Completes Medical Resources Acquisition
Posted on: Friday, 18 January 2008, 06:00 CST
Inform Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") is pleased to announce that on January 11th, 2008, its PrimaCare subsidiary completed the acquisition of all the membership interests in Medical Resources, LLC. Based in Vero Beach, FL, Medical Resources is a Management Services Organization that provides non-clinical, administrative and managerial services and assets to physician practices throughout southeast Florida. In particular, Medical Resources operates 29 primary care medical centers, providing physician and healthcare practitioner services including but not limited to Internal Medicine, General Practice, Family Medicine, Nurse Practitioners and Physician Assistants. Medical Resources has Medical Centers and Practice Management agreements through county service areas in Brevard, Broward, Indian River, Martin, Okeechobee, Palm Beach, and St. Lucie counties. Lastly, Medical Resources has contracts with Humana, Inc., Quality Health Plans, Summit Health Plan, UnitedHealthCare/SecureHorizons/Evercare, and WellCare Health Plans, Inc. Medical Resources serves close to 10,000 Medicare patients.
"We are excited to have put the acquisition phase of Medical Resources behind us," said Ashvin Mascarenhas, PrimaCare/Company Chief Executive Officer. "We are looking forward to growing the business by providing the best services and solutions possible to our niche within the healthcare industry."
About Inform Worldwide Holdings, Inc:
Inform Worldwide Holdings, Inc. (OTCBB: IWWI) is a development stage company currently in the process of identifying, developing, and marketing global business opportunities with emphasis on natural resource development and servicing.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
Contact: Shareholder Services (800) 963-6533 E-mail: Email Contact
SOURCE: Inform Worldwide Holdings, Inc.
Source: MARKET WIRE
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