SKTO's parent company expands across the board with 5 subs :
New Letter From Healthcare Of Today CEO Marks Company’s Second Anniversary
April 14, 2010
Dear Stockholders, Colleagues, and Friends:
As we approach our second anniversary this May, I want to take this opportunity to update you as to where we stand as a company, and where we are going.
I would like to start by thanking each and every one of you for being so supportive in helping us make Healthcare of Today a reality. Many of you have been shareholders with Healthcare of Today since our inception in 2008. As my first investors, you joined me in the trenches and witnessed the struggles of an early stage start-up company.
As prepared as we were to move forward, we faced many unexpected challenges during 2009. Last year, we contended with dissenting shareholders of potential target companies; acquisitions we had invested time in that ultimately could not be completed; a deteriorating economic environment; and an investing public that had become increasingly weary of the IPO market.
At the same time, many positive things took place as well- our healthcare network grew larger than even we had ever anticipated and was expanded beyond healthcare services to include healthcare business services and consulting, biotechnology and life sciences, medical devices, IT, energy, and international pursuits, among others. While this was thrilling, these additions required an increased number of audits to be completed. Hence, our ability to go public had to be postponed, and due to the new size of our organization, our strategy to go public subsequently changed.
I am sending you this letter so you can follow along as we roll out our plans and take our next steps together. For the avoidance of doubt, Healthcare of Today does intend to become a publicly traded company as soon as possible. However, rather than going public in one IPO, Healthcare of Today, Inc. plans to go public along with five subsidiaries , each representative of one category of our holdings. Consistent with our business strategy, as you will see, the companies within each space were acquired or developed because they are vertically integrated, and have synergistic value with the whole. These areas are:
First: Healthcare Services and Facilities, including:
Services and Facilities for the Aging Population. The senior population (65+) is expected to reach 72.1 million older persons, more than twice their number in 2000. As the longevity of the senior population increases (as do their numbers), the healthcare industry is rushing to meet this demand for services. In 2008 over 1.45M patients received hospice care while 7.6M people received home health care; and those are just a sample of the healthcare options that should be available to our seniors. So, in this division we offer a full range of healthcare services for individuals, especially seniors, of any state of health. These companies include Residential Care Facilities for the Elderly, Assisted Living Facilities, Independent Living Facilities, Senior Communities, Skilled Nursing Facilities, Adult Daycare, Home Health, Hospice Services, as well as the sale of home health/medical equipment and complementary healthcare business services such as medical billing.
Hospitals, Urgent Care, and Clinics. We are currently in discussions that we hope will develop a nation-wide hospital system. Using our hospitals as anchors, we will launch urgent care and walk-in health clinics throughout the US, enabling us to attend to the range of medical conditions from mild to serious.
Health Plans. As we acquire more facilities and grow our network, we intend to acquire and develop our own HMO, IPA, PPO, POS, and Medicare Advantage plans.
Education and Staffing. Within this sector not only do we focus on educating the healthcare staff of the future, whether nurses or support staff and technicians, but we look to connect those graduates with placement companies who are positioned to know the unique needs of healthcare employers in their fields.
Ancillary Services. This includes two of the most respected nursing consulting companies in the country.
As you may have read already, SK3 Group, Inc. is the company that will contain our services portfolio, and will soon change its name to Healthcare of Today Services, Inc. So that process is underway.
Second: Biotechnology and Advanced Life Sciences. The businesses in this HOTI entity are innovating biotechnology and medicine, to provide modern solutions to age-old problems. Through their work, whether it involves uncovering new ways for the human body to heal itself, engineering human tissue for transplantation, or developing a medical device that can instantly “See and Treat”™ cervical cancer (to name a few), these companies are finding ways to improve the healthcare that is delivered by advancing technology to meet today’s needs.
Third: Healthcare IT. As we continue to focus on how best to create and grow high quality, efficient healthcare organizations, we have to look to technology to assist us. This subdivision includes information technology, advanced software, and wireless communication. With these tools, medical staff can access patient files quickly and securely, and teams can provide up-to-the-minute updates and care. Better communication means increased efficiency and – more importantly -better patient outcomes.
Fourth: Energy. You may be wondering why, and the answer is simple: In order to operate high quality but efficient healthcare systems, we need to think broadly about efficient operations We believe that effective use of energy will make a significant difference in the overhead for our businesses, and furthermore, by using smart energy (including solar thermal), we can lead the pack. Our energy company can not only serve the needs of our own healthcare network through long term power purchase agreements (PPAs), but also can provide service for anyone who is thinking about how they can reduce costs and hedge against rising utilities. In this portfolio we include not only energy sources but the ability to monitor and remotely control that energy usage.
Fifth: Security. As the world has become more networked, increasing attention is being given to how best to protect sensitive information. This has immediate application to a number of fields, including health records. This company will contain our holdings in data storage and transfer, electronic medical records (EMR), as well as holdings that offer assets and personnel access to national security-level protection.
To date we have announced two public subsidiary operations (SKTO for Services and AEGY for Energy) and plan to announce our Healthcare IT and Biotech & Life Sciences arms in the near future. Once all five subsidiaries I have just described for you are established and operating, the parent company, Healthcare of Today, Inc., will undertake its long-planned IPO and will apply for listing on NASDAQ.
We have been told repeatedly that building an integrated healthcare network on the scale we have planned would be virtually impossible to pull off. As you all know --I disagree. Our team is disproving critics every day as we are fielding calls from large, reputable, or innovative healthcare companies who call us requesting to come on board and who are ready to cooperate with one another to achieve our vision of vertical integration.
Over the past two years, we have laid down the foundation for a full-spectrum healthcare network. As our network of businesses blossomed, our vision has not changed, but has certainly grown. And call it coincidence, but during the time we have been building the Healthcare of Today network, people – and the government—began demanding a high quality healthcare system that can give people access to the range of medical services they need while reducing the cost to the end payer, whoever that might be. Healthcare of Today is answering that call. We firmly believe we can operate so efficiently through our model of strategic partnerships and vertical integration that we will offer value not only to our shareholders, but also to our customers and clients, earning their loyalty in a way no healthcare organization before us has done.
Healthcare of Today, Inc. is setting itself apart from old school corporations by using a fresh approach to thinking about and doing business in healthcare. Included in this, we strive to be a transparent organization, and do our best to keep you informed. If you ever have a question about Healthcare of Today, please feel free to contact us directly. And if you haven’t already had the chance, please visit and bookmark our website and Media Room there (www.healthcareoftoday.com/MediaRoom). We post press releases regularly to keep you informed, and encourage you to add us on Twitter and Facebook, where we are spreading the word about our work. Soon we expect Healthcare of Today to surprise the public as the biggest healthcare company it had never heard about.
It has been an exciting ride so far, and we are grateful to have you on this journey with us.
Best wishes and good health,
Henry Jan
CEO, Healthcare of Today
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