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MIT Holding, Inc. (fka MITD)

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Last Post: 7/25/2016 12:41:37 PM - Followers: 43 - Board type: Free - Posts Today: 0

MIT Holding (MITD) offers through its Portfolio of licenses, contractual and affiliate agreements services and products currently including but not limited to: compound pharmaceuticals, administer intravenous infusions, medical management services, in home or ambulatory center therapies and sells and rents home medical equipment.

In support of these core services, MITD provides expert accounting, advisory and educational services to physicians, medical centers, hospitals, small and large businesses regarding the Affordable Care Act; offers travel and transportation services of medically challenged patients for medical needs and personal travel; and through its contracts is approved to conduct and administer FDA clinical trials.

Collectively, these services contribute to MITD’s strategy to provide custom prescription solutions in a variety of methods and generate multiple revenue streams. Following a successful reorganization initiative in January, 2014, MITD is positioned to achieve 32% minimum net profits and has maintained profitability in its fiscal second and third quarters. This profitability validates the company’s business model and its approach to the evolving Affordable Health Care Act and its impact on the health services industry.

MITD meets and/or exceeds major U.S. health insurance requirements and is therefore able to direct bill and receive payments from carriers on behalf of the patient its agents and its facilitators. This ability marks an important step in the company’s goal of developing the first-of-its kind seamless transition for patient needs from hospital discharge to complete home recovery. This and other corporate initiatives are spearheaded by a management team committed to building shareholder value, revenues and corporate expansion while providing viable solutions to the perpetual changes in the health care sector.


Investment Highlights

  • Successful Corporate Reorganization
    Three Profitable Operating Subsidiaries
    Approved by 130+ Insurance Carriers
    Growing Portfolio of Contracts
    Two Primary Market Opportunities


Portfolio of Services

Providing custom compound pharmaceutical solutions through a variety of methods designed to improve the lives of patients with specific needs.
Offering patients professional outpatient medical care through an ambulatory center, home infusion services, and medical equipment delivery.
Striving to provide a wide variety of home medical supplies through durable medical equipment agreements that are fully accredited with Medicare and over 130 insurance carriers.


Top 6 Investment Considerations

  1. On June 30, 2014, MITD reported its first profitable quarter in six years with all activities operating with objectives of a 32% net profit. Beginning January 1, 2014, revenues met the requirement of an average net of 32%. Future contracts, sales and services will be priced and marketed at the 32% standard.

    Curaspan Health Group has awarded two contracts to MITD: “Accessing the Central Network for Patient Transitions” and “Renewed Annual Referral Central Network for Patient Transitions.” These contracts allow MITD and its future acquisitions to market on a real-time basis the compound pharmaceuticals, infusion services and durable medical equipment directly to the patients of more than 5,400 Curaspan medical facilities.

    Coastal Carolina Medical Center has engaged MITD for initial in-hospital treatments of patients. These services will then expand in scope and medications. The average treatment per patient is expected to bill at an average of $923 per treatment.

    AMGP Georgia Managed Care Company, Inc., the Georgia subsidiary of WellPoint Health Networks Insurance (NYSE: WLP), the largest member managed care company in the United States, revised a “Participating Provider Agreement” to include ambulatory, infusion and perinatal services. They serve members in the Georgia Families Programs, such as Medicaid and PeachCare for Kids.

    MITD is approved by more than 130 insurance carriers for payment of medical goods and services. 6. The company has been awarded a contract to coordinate, conduct and administer FDA clinical trials for SERRG Savannah Inc., a multi-specialty research organization. This contract provides for an open and ongoing agreement for additional trials.

    The company has been awarded a contract to coordinate, conduct and administer FDA clinical trials for SERRG Savannah Inc., a multi-specialty research organization. This contract provides for an open and ongoing agreement for additional trials.



Market Opportunities

Outpatient Care

The healthcare facilities industry continues to outperform the stock market as a whole and many experts expect this trend to continue due to the greater longevity of U.S. and worldwide populations. More and more people are being discharged earlier from hospitals in order to reduce the cost of hospital care. These people need continued outpatient care, and MITD is positioned to meet this need with ambulatory infusion therapy, home infusion therapy and various products including walkers, wheelchairs and respiratory equipment. In addition, MITD will handle billing and interact on behalf of the patient with their insurance carrier, thereby providing a complete “one stop” service for customers.

Baby Boomer Generation

The company is also positioned to benefit from the increasing number of Baby Boomers entering retirement and their increasing medical needs. The Baby Boomer generation of roughly 73 million Americans accounts for about 40% of all U.S. spending, according to the Centers for Disease Control (CDC).

Approximately 10,000 Baby Boomers turn 65 each day – a demographical progression expected to continue at the same pace throughout the next 19 years. As the Baby Boomer population ages, MITD is presented with growing opportunity to provide its services to a rapidly growing demographic.



Tommy J. Duncan - President, Director

Tommy J. Duncan in January, 2015, joined MIT Holding as president and director. Duncan’s management experience includes serving as president at Southeast Vending LLC as well as president of Southeast Lumber & Construction, Inc. for which he successfully executed numerous mergers and acquisitions and was responsible for identifying and securing financing from multiple funding sources. During his tenures as secretary and treasurer at both Auto Locators, Inc. and Custom Locators USA, Inc., Duncan demonstrated his ability to identify talented management and appoint selected individuals to key positions to sufficiently accommodate corporate expansion. His prior experience also includes serving on the board of directors at CNB Bancorp, Inc. (Windsor, Virginia).


Robert L. Yates - CFO

Robert L. Yates in 2008 joined MIT Holding as controller. Yates relocated to Savannah, Georgia, in 2006 and, after a brief retirement, decided to rejoin the workforce. Since 1987, Yates has served as controller or chief financial officer in small-to-medium size firms in Northern California. Yates received his accounting degree from San Jose State University in 1978 and gained his accounting and auditing experience with Arthur Young & Co. in San Jose, California. He obtained his license as a Certified Public Accountant (CPA) in 1980. Yates is a veteran who served in the U.S. Air Force in the Vietnam era.


Walter H.C. Drakeford - Chairman of the Board of Directors

Walter H.C. Drakeford in 2010 joined MIT Holding as chairman of the board of directors. His stellar career includes being the senior managing director of Drakeford & Drakeford for the past 20 years. Since 2007, he has been the director of mergers and acquisitions of AMC Global Communications, Inc. Drakeford served as chairman of the board for Ebank Financial Services, served on the boards of Netstar-USA Corp. and LaidLaw Transportation, as well as serving as an attaché to the White House under presidents Nixon, Reagan and George H.W. Bush. Drakeford holds a finance degree from the University of Berlin and a Masters of Business Administration from Heed University. He also holds a law degree from Thomas Jefferson School of Law.


MIT Holding, Inc.
11835 West Olympic Boulevard
Suite 1235E
Los Angeles, CA 90064
Phone: (310) 312-6888


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#1767  Sticky Note Most of you posting here today are getting IH Admin [Shelly] 02/10/11 04:06:02 PM
#2568   Any shareholders out there? Kuskuk 07/25/16 12:41:37 PM
#2567   MITD revoked: Renee 07/15/16 09:40:27 AM
#2566   MITD SEC Suspension: The Commission temporarily suspended trading Renee 06/15/16 09:35:08 AM
#2565   Ouch! On October 5, 2015, the Board of Directors sidedraft 10/23/15 12:16:15 AM
#2564   Beware ..Turd stock. chadsm 10/21/15 08:47:37 PM
#2563   MITD Industry-Changing Solutions Address Key Post-Care Concerns QualityStocks 10/01/15 01:02:30 PM
#2562   MITD Prepared to Build on Profitable Results through QualityStocks 09/18/15 05:00:55 PM
#2561   MITD – Moves From Re-Org to Acquisition Phase QualityStocks 09/02/15 03:59:09 PM
#2560   MITD Posts First Quarter of Profitability in Company QualityStocks 08/26/15 10:01:04 AM
#2559   MITD - Identifies Industry Transition to Value-Based & QualityStocks 08/24/15 12:07:59 PM
#2558   MITD – A Concierge Medical Service Provider Primed QualityStocks 07/31/15 09:29:47 AM
#2557   MITD Offering High Quality Care at Reduced Costs QualityStocks 07/23/15 01:21:51 PM
#2556   MITD Filling Unmet Medical Needs with Direction from QualityStocks 07/13/15 04:48:41 PM
#2555   MITD Benefits from Requirements of Documentation and Value-Based QualityStocks 07/06/15 03:04:18 PM
#2554   MITD Single-Source Outpatient Care Model Driven by Cost-Effective QualityStocks 06/18/15 03:38:00 PM
#2553   MITD Offers Unique In-home Infusion Experiences Utilizing Fully QualityStocks 06/11/15 02:16:21 PM
#2552   MITD Unique Healthcare Solution Solves Some of the QualityStocks 06/09/15 01:08:10 PM
#2551   MITD Embraces The Affordable Care Act while Others QualityStocks 06/02/15 04:46:39 PM
#2550   MITD Initiates Awareness Campaign with Upcoming Investor Luncheons QualityStocks 05/26/15 02:19:26 PM
#2549   MITD Reaps Strong Benefits from Corporate Reorganization Efforts QualityStocks 05/04/15 02:34:06 PM
#2548   MITD Achieves $1 Million Turnaround and Positive Net QualityStocks 04/27/15 08:45:59 AM
#2547   MITD Innovative Healthcare Model Boasts Tri-Fold Effect QualityStocks 04/10/15 08:32:13 AM
#2546   MITD Well-Positioned to Continue Racking Up Profitable Quarters QualityStocks 04/01/15 09:50:25 AM
#2545   MITD Pioneers Single-Source Approach to Revolutionize Outpatient Medical QualityStocks 03/24/15 09:25:27 AM
#2544   MITD's Home Health Services Model is Complementary to QualityStocks 03/10/15 09:38:22 AM
#2543   Home Recovery Health Services Model by MIT Holding, QualityStocks 02/27/15 08:15:09 PM
#2542   MITD Offers Patients an Opportunity to Relax in Style QualityStocks 02/25/15 09:38:45 AM
#2541   MITD's In-Home Medical Recovery Services Hold Potential for QualityStocks 02/20/15 10:06:02 AM
#2540   MITD Introduces First-of-its-Kind In-Home Concierge Medical Service QualityStocks 02/11/15 01:11:46 PM
#2539   $MITD Up Over 70% Today.. On Radar Here.. PENNYBUSTER 02/05/15 12:33:39 PM
#2538   $MITD wo Steps Ahead of Industry Evolution, MIT PENNYBUSTER 02/04/15 06:43:49 PM
#2537   $MITD DD Notes ~ PENNYBUSTER 02/04/15 06:28:31 PM
#2536   14-page Investor Relations Kit is Now Available Online QualityStocks 02/04/15 03:19:23 PM
#2535   Two Steps Ahead of Industry Evolution, MITD Pioneers QualityStocks 02/04/15 01:31:33 PM
#2534   MITD Introduces New Website with Investor Relations Suite QualityStocks 02/02/15 09:40:14 AM
#2533   Updated Fact Sheet is Now Available Online at QualityStocks 01/26/15 12:40:52 PM
#2532   MITD Appoints Tommy J. Duncan to President Role QualityStocks 01/20/15 09:22:29 AM
#2531   MITD Infuses Itself into the Southern Ambulatory Care QualityStocks 01/15/15 04:04:48 PM
#2530   MITD Engages Investor Relations Services of QualityStocks QualityStocks 01/09/15 09:28:38 AM
#2529   3rd tier promo Wildbilly 11/20/14 08:16:15 AM
#2528   bad 10q, more dilution tradesforyou 11/19/14 07:13:57 PM
#2527   bullish stocktrademan 08/14/14 12:20:35 PM
#2526   should get some eyes on this stock soon. JesusIsRicher 04/04/14 07:15:01 PM
#2525   SAVANNAH, GA -- (Marketwired) -- 03/17/14 -- Madkins 03/17/14 08:46:51 AM
#2524   Looking like a failed promo to me. runningwithscissors 03/17/14 08:43:47 AM
#2523   SAVANNAH, GA -- (Marketwired) -- 03/13/14 -- Madkins 03/13/14 07:40:10 AM
#2522   Promo tomorrow MoneymakingC 03/12/14 09:46:51 PM
#2521   SAVANNAH, GA -- (Marketwired) -- 03/11/14 -- Madkins 03/11/14 07:31:29 AM
#2520   up 42% on good volume, a waste? lol MarkR 03/10/14 11:11:34 AM
#2519   Watch how this thing tanks. Another company StockSleuth 03/10/14 10:05:37 AM