Millennium HealthCare Inc. Signs Letter of Intent to Acquire Premier Technology Resources, LLC
SYOSSET, N.Y., Aug. 24, 2011 /PRNewswire/ -- Millennium HealthCare Inc. (OTC Pink: MHCC) signed a Letter of Intent to acquire Premier Technology Resources, LLC, a New York based company specializing in medical billing, collection and technology consulting and implementation services to the healthcare community.
Chris Amandola, President of Millennium HealthCare stated, "We are extremely excited about immediately integrating Premier's services and management team into our growing product & service offerings to our clients. Their Management team, reputation and customer base will all be immediately leveraged to grow our business across multiple sectors of the market."
Richard DeMaio, President of Premier Technology Resources, LLC commented, "Millennium will give us a significantly broader reach with our growing client base. The powerful combination of medical coding expertise and sophisticated billing technology will enable us to offer turn-key solutions to healthcare providers. This in turn will streamline processes which ultimately will increase profitability and cash flow to the medical practice."
About Premier Technology Resources, LLC
Premier Technology Resources, LLC provides innovative medical billing and technology solutions to maximize revenue and reduce overhead expenses. We combine our industry experience and professionalism with advanced web based medical billing software in order to provide optimal solutions that meet and exceed our clients' expectations. Our highly trained staff, use of leading technology, and proven processes ensures efficient services, and thus enhance patient and physician satisfaction.
About Millennium HealthCare Inc.
Millennium HealthCare Inc. provides healthcare facilities of all sizes with the information and tools to identify and resolve operational cost inefficiencies, patient safety compliance and cash-flow enhancement strategies through our subsidiaries listed below:
Millennium Coding & Billing Inc. offers all aspects of medical diagnosis and procedure coding and training for ICD-10. Our Clinical Documentation Improvement Program Services include concurrent and retrospective CDI Reviews, DRG Validation Services and secure remote and on-site coding.
Millennium ProComm Solutions Inc. provides 24 hour/365 day HIPAA compliant full service call processing for physicians, hospitals, home care agencies, nursing homes and other service companies and professionals.
Millennium Medical Devices LLC provides devices that focus on safety and efficacy for patients and health care professionals.
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Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.
SOURCE Millennium HealthCare Inc.
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