Check out this news! MIAMI, FL, Apr 21, 2010 (MARKETWIRE via COMTEX) -- Unity Management Group, Inc. (PINKSHEETS: UYMG) is a Health Resource Company specializing in Physician and Hospital Practice Management, Medical Discount Plans, Business Services, Billing Software and Technologies. The board of directors of Unity of management group is proud to announce the formation of a joint venture between Unity Management Group, Inc. and Southwest Healthcare.
Unity Management Group, Inc. has joined together with Southwest Healthcare to further develop and expand their established network of physicians in the state of Nevada, and nationally across the US.
Alex Berkovich, president of Unity Management Group, Inc., and James Merritt, president of SWHC, agree the strategic and tactical plan for Unity Management Group, Inc. and SWHC's PPO network would be a timely and seamless asset to expand. This joint venture between UMGI's management and the comprehensive network of physicians and providers of SWHC's PPO network, which covers the entire Las Vegas metro area, including North Las Vegas, Mesquite, Pahrump, Boulder City and Henderson, would save UMGI money and time in transitioning this eventual acquisition. SWHC consists of 1,800 physicians and providers, additionally the PPO has contracts with 14 surgical centers and 9 home health and durable medical providers.
Completing the due diligence and immediate utilization of the staff of SWHC would create a faster return and the merger of these two companies, along with the advantage of the principals staying on board.
James L. Merritt, with thirty five years of extensive experience in the health care industry, entered the health care field in traditional group plans and progressed through various levels of managed care, including the designing and developing of both private and public HMO and PPO networks. Owned and developed full service PPO in Las Vegas, NV.
"This joint venture will allow UMGI to capitalize on the opportunity to defer the acquisition expense and to save money and time through the transitional period of bringing these two companies together. We at UMGI feel that this will help us increase our revenue substantially and give us the ability to keep our expenses down," said Alex Berkovich.
We feel that this is one important step in the longevity and the growth of the company; we will be setting up conference calls in the very near future; for more information please go to our website which can be found at www.unitymanagementgroup.com
Share structure: 240 million authorized 180 million issued and outstanding 40 million float
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: United Healthcare Solutions Inc., Unity Technologies Inc. and United Business Services Inc.
The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPPA compliance, marketing, and unique solutions for practice start-ups and new practices.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physician's offices and hospitals.
United Healthcare Solutions, a national company based in Nevada, is a healthcare company will be providing medical, vision and dental discount plans, as well as PPO and HMO networks.
The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, "Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today's physician offices and hospitals and we expect unpatrolled growth in the near future."
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