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Tuesday, September 17, 2019 2:25:45 PM
Patient Access Solutions, Inc. Secures Funding to Complete Acquisition of Facility
COMMACK, NY, Sept. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Patient Access Solutions, Inc. (OTC: PASO), a provider of technology and management solutions for the healthcare industry, is pleased to announce it has secured the necessary funding required to complete the acquisition of the Castro Medical Building located in Smithtown, NY.
Joseph Gonzalez, Board Director, stated, "Finding the right partner to assist in completing our purchase of the facility required skilled coordination and due diligence. We would like to thank our advisors who worked extremely hard to position us with the Grand Rapids, Michigan based lender and made sure that any financing arrangement maintained shareholder value. The Company issued no convertible notes, additional shares, or considerations as part of this agreement.” Mr. Gonzalez added, “The Company has had the facility evaluated by its architect to enhance the building so that it meets the New York State requirements to be Article 28 compliant. Once the building meets this certification it will qualify as a State certified diagnostic and treatment clinic. This designation will provide additional opportunities to increase patient visits and revenue.
SamTheTraderOtc
@SamTheTraderOtc
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