STUTTGART, GERMANY / CRWEPRESSRELEASE / August 18, 2015 /Medicus Homecare Inc. (OTCMKTS:MDCRE) (the “Company“) is pleased to announce it has entered into a non-binding Memorandum of Understanding to acquire one hundred percent of the securities of a medical in-home care services provider in Germany. The target’s current business operations, customers and relationships make acquiring the company a logical choice for the Company.
The target company is currently on pace for revenues of over USD$3,000,000 with gross margins of over twenty five percent and is still growing.
“I am very excited to begin the second stage of our growth plan at Medicus with the identification of an extremely profitable competitor in the region and the potential to acquire them. Completing these types of acquisitions will immediately give the Company positive revenue and earnings growth while at the same time cut costs by implementing strategies that will bring synergies across our entire business,” commented Dr. Karahodza.
At this time, Memorandum of Understanding is non-binding and subject to a number of material conditions precedent, including, inter alia, the due diligence, negotiation and execution of a definitive agreement. There can be no assurance that the proposed transaction will be completed and a further news release will be issued once a definitive agreement has reached.
ABOUTMEDICUS HOMECARE INC.
The Company offers medical in-home care services in Germany including ventilation for patients that suffer from debilitating diseases such as Amyotrophic Lateral Sclerosis (ALS), Muscular Dystrophy (MD), Guillain-Barre syndrome (GBS), and Chronic Obstructive Pulmonary Disease (COPD). Other services provided by the Company include acute post-patient care, respiration optimization and monitoring of long-term home respiration.
On behalf of the Board,
Dr. Orhan Karahodza
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. We are not in control of healthcare trends and prices and these could vary to make our business development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Medicus Homecare Inc.