Medical Billing Assistance, Inc. SIGNS DEAL TO Acquire First Choice Medical Group of Brevard, LLC

MELBOURNE, Fla., Oct. 6, 2011 /PRNewswire/ -- Taking another step to position itself as a national leader in providing an innovative state-of-the-art approach to healthcare management, Medical Billing Assistance, Inc. (OTCBB:MDBL, Stock Twits: $MDBL) ("MDBL") announced today that, through one of its wholly owned subsidiaries FCID Medical, Inc. (FCID), it has signed a letter of intent to acquire First Choice Medical Group of Brevard, LLC ("FCMG").  In addition to the letter of intent, FCID has entered into an exclusive Management Agreement with FCMG to take over all of its business operations until and through the date of closing on the acquisition.

The closing has been set to occur within 30 days after state and federal authorities have authorized and issued the proper licensing required for the acquisition to close.

The acquisition provides FCMG physicians with MDBL's expertise in building efficiencies into their practice while implementing MDBL's new model for better healthcare management and billing solutions.  In addition to practice efficiencies, MDBL will also be providing the physicians additional diagnostic equipment an ancillary services that will allow physicians, patients and shareholders to capitalize on the value and benefits of MDBL's unique model.  "In today's oscillating healthcare environment, MDBL has positioned itself to successfully implement, maintain and duplicate solutions that benefit the patient, the Doctor and the shareholder.  A strategy that most companies aren't capable of executing," stated Kris Jones, MDBL's Vice President of Medical Operations.  

"The MDBL team continues to build an exciting and powerful financial platform that complements MDBL's mission to provide a real solution to medical practices that will ensure the financial success of physicians in a volatile healthcare environment," said Chris Romandetti, Chief Executive Officer of MDBL.

According to FCMG's President, Dr. Tony Lombardo, "After over a year of research in trying to find what the best solution was for our practice, MDBL clearly became the frontrunner by its ability to provide the most efficient model in our industry today. We clearly have made the right decision by partnering with MDBL."  

ABOUT MDBL

MDBL has focused its business plan on creating and incorporating state-of-the art technologies and efficiencies into inefficient medical practices by implementing MDBL's unique business and financial model. MDBL's newly focused plan allows physician's to practice medicine while MDBL takes care of the business.  By acquiring medical practices, MDBL brings in expertise that allows the one-time inefficient medical practice to become an efficient and streamlined medical practice. While many physicians are suffering in today's healthcare environment, MDBL's unique model allows physicians to benefit from ancillary services income they currently may not be entitled to. By doing so, MDBL creates a successful structure, reducing stress on the physician, while providing a more conducive environment towards a patient-centric orientation.

ABOUT FCMG

FCMG is a multi-specialty medical group located in Melbourne, Florida.  Current specialties and focus within the group are Orthopedic, both operative and non-operative, Sports Medicine, Pain Management and Neurology.  

SAFE HARBOR STATEMENT:

This press release contains statements which address such key issues as MDBL's growth strategy, future financial results, market positions, product development, medical services and products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, progress of technology development, clinical testing and regulatory approval, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.

For More Information:
Medical Billing Assistance, Inc.
Ph:  (321) 725-0090
Fx:  (321) 308-0635
Em:  [email protected]
www.medicalbillingassistanceinc.com

SOURCE Medical Billing Assistance, Inc.