KAHI - LOS ANGELES, CA, May. 15, 2003 (MARKET WIRE via COMTEX) --
Kaire Holdings, Inc. (OTC BB: KAHI), sees a bright future for its pharmacy services group. Central to the company's restructuring agenda is a clear focus on immediate sales opportunities. 'The company's investment in fulfillment infrastructure allows us to focus on selling new clients,'stated Steve Westlund Kaire's president.
The pharmacy services group is focused on providing fulfillment of patient prescriptions to residential care facilities. The target market within the State of California for the pharmacy services group is the facility with fewer than seven beds. The California Health Care Foundation cites in a January 2002 primer on 'residential care facilities for the elderly'that of the over 6,000 residential care facilities in California 78% have fewer than seven beds. The payment and reimbursement guidelines for prescription drugs sold to clients within this target market under MediCal assure both a fair margin of profit and timely payment. Further quantifying the market opportunity for the company Westlund added, 'It has been our experience that the annual pharmacy expenditure per bed in the board and care facilities we serve can run as high as $6,000 per year.'
'Our sales goal for the next eighteen months is 500 facilities or roughly 2500 residential care clients in Southern California,'stated Scott W. Absher, Kaire's advisor in the company's growth agenda. Continuing his comments Absher said that, 'within our immediate local market and given our fulfillment infrastructure we believe that 2500 clients is a realist sales goal.'The revenue goal for Kaire's pharmacy services group is $30 million annually within 24 months.
ABOUT KAIRE
Kaire Holdings Inc. provides specialized services to targeted segments of the health care market place. Kaire products and services include pharmaceutical programs specifically tailored to the needs of patients undergoing complex medication therapy as well as their associated health care managers. These pharmaceutical programs utilize specialized medication packaging that improves patient medication compliance while simultaneously reducing many repetitive tasks for health care managers, freeing them to spend more time with their patients. The program also manages patient insurance claims through a wide variety of health care providers as well as facilitating communication between patients and their health care professionals. Specialized programs are available for HIV, diabetics, many seniors, and persons in assisted living facilities.
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