Quantum Medical Transport Announce Acquisition of United Ambulance, LLC
HOUSTON, TX / ACCESSWIRE / May 2, 2017 / Quantum Medical Transport, Inc. (OTC PINK: DRWN) -- We are pleased to announce that we have entered into a definitive purchase agreement to acquire United Ambulance, LLC a Texas local medical transportation company. United Ambulance has 25 employees, operating since 2006 with revenue of $1.2 Million annually. We expect to close this purchase during the month of May. We will retain management and the employees, as the company has a very experienced team. The company will continue to operate under the name of United Ambulance, LLC as a wholly owned subsidiary of Quantum Medical Holdings, Inc. a wholly owned subsidiary of Quantum Medical Transport, Inc. We see opportunity to grow market share through acquisitions and expansion of coverage areas. We are very active in achieving our business plan and this strategic acquisition gets us closer to the goal line. We are reconsidering our share restructuring plan based upon shareholder comments and trying to find a solution that will help the company get to OTCQB qualifications. We need to get the share price of our common stock above .01 to achieve our objective to become OTCQB Tier. We believe through strategic acquisitions and consolidation in our industry of small local companies will help us grow faster than organic growth. Increasing shareholder value and liquidity is our number one objective.
About Quantum Medical Transport
QUANTUM MEDICAL TRANSPORT, INC. is a non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in a non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care. This is imperative as some patients depend on the NEMT Services for all their medical transportation needs.
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