Tuesday, December 28, 2010 7:45:00 PM
Under the terms of the Definitive Agreement signed May 14, 2007, MedLink acquired 67% of the total outstanding stock of Anywhere MD, Inc. Anywhere MD will continue to operate as a separate entity as a subsidiary of MedLink International, Inc., and Steven J. Hixson, founder of Anywhere MD, will stay on as Anywhere MD's Chief Executive Officer.
With the acquisition of Anywhere MD, MedLink will add an additional 4,400 doctors to its network. This acquisition is part of MedLink's roadmap of becoming the largest physician network in the U.S.
Ray Vuono, CEO, MedLink International, Inc., stated, "Anywhere MD, a proven industry leader, is an ideal acquisition for MedLink. Our strategic vision remains unchanged and we believe this transaction in addition to adding significant revenue creates greater growth opportunities for MedLink and our shareholders and allows for us to accelerate our existing expansion plans. This is an extremely complementary acquisition that accomplishes a number of MedLink's key objectives. MedLink is executing on its commitment to establish itself as the largest physician network in the U.S. This transaction will allow for both companies to strengthen and expand their core businesses and competencies, while creating significant opportunities for expansion and growth."
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