SK3 Group Announces Signing of Merger Agreement with Healthcare of Today, and Correction of Prior Acquisition Announcement On Friday January 8, 2010, 2:04 am EST
MIAMI, FLORIDA--(Marketwire - 01/08/10) - SK3 Group, Inc. (PINK SHEETS:SKTO - News) today announces that it has entered into a definitive Agreement and Plan of Merger with Healthcare of Today, Inc., completing the terms of the previously announced letter of intent. Closing of the merger is subject to the completion of audits of SK3 and Healthcare of Today, Inc., the effectiveness of an S-4 registration statement to be filed with the SEC, and acceptance of a listing application with NASDAQ for the common shares of the surviving entity in the merger. Under the terms of the merger, Healthcare of Today, Inc. and SK3 Group will both merge into a newly-formed Nevada corporation, Healthcare of Today, Inc., which has been formed for that purpose and which will be the surviving entity.
In addition, SK3 Group previously announced that Healthcare of Today, Inc. has acquired MacuCLEAR, Inc., a pharmaceutical company focused on discovering and developing novel solutions for vascular disorders of the eye. That announcement was incorrect. Healthcare of Today has, in fact, entered into a letter of intent for such an acquisition, but has not yet completed a definitive acquisition agreement or closed on the acquisition.
Healthcare of Today (www.healthcareoftoday.com), based in Burbank, California, is a vertically-integrated healthcare holding company. Founded in 2008, it has since acquired a number of companies, many specializing in the senior care industry. Its subsidiaries are engaged in a wide range of businesses including: nurse staffing, residential care facilities for the elderly, home healthcare services, home healthcare equipment sales, healthcare information technology, medical equipment, healthcare consulting, insurance, data security, advanced human tissue engineering, and more.
