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$MLKNA MedLink, Inc. (OTCBB: MLKNA) An Overview of Growth, Revenues, and Traction

Date: December 6, 2010 1:16 PM
Publisher: [e-mail]
Categories: US Markets
Tags: (OTCBB:MLKNA) EHR, Stocks, Equities, The Equities Group, Medlink Stats

MedLink International, Inc. has been added to the World Market Media family of tracked small-cap indices and as such, the Editor’s Desk will commence the documentation of news, announcements, and milestone developments of the healthcare information enterprise business. The company has been added to the MicroCap Index with a market-cap of about $51.1 million.

MedLink’s main business comprises of delivering healthcare information systems that are focused on usage among the physician sectors. MedLink sells and supports an electronic health record (EHR) application, including inclusive management services for physician practices. MedLink’s flagship offering is the CCHIT Certified 08 Ambulatory MedLink TotalOffice EHR, a healthcare information enterprise system that provides physician practices with a practice management, clinical decision support and EHR solution.

MedLink also offers an abridged version of its application, the MedLink EHR Lite, which provides physicians with basic EHR functionality at no cost to physicians. Through business partnerships, most recently including an alliance with Thrasys Inc. and Patient Access Solutions, MedLink offers physician practices billing, collection, hardware and network infrastructure and use of the TotalOffice EHR, all for a fixed fee determined by the practice’s annual billing revenue. In July 2010, MedLink International Inc. acquired LabTestPortal, a direct to consumer laboratory testing platform.

LabTestPortal is one among several acquisitions this year. The company has been busy, attaining Health Informatics, Inc., a provider of cutting edge clinical data digitization technology as well as MedAppz, an Electronic Health Record (EHR) and practice management software provider.
Earlier this month, MedLink announced they had closed a deal to raise $1 million through a private placement, and an additional $1.25 million in capital through the sale of convertible notes sold exclusively to institutional investors by Aegis Capital Corp, sole placement agent and exclusive investment banker to the company. The funds raised are expected to cover mostly marketing and advertisement costs.
MedLink is recording record revenue this year, up about 14 times compared with last year’s earnings. For the first 9 months of 2010, the company reported cumulative revenues of $5.66 million, compared to just $390 thousand for the same periods in 2009. The third quarter 2010 earnings were twice as much as the second quarter’s revenues, the highest numbers for the company ever, at $3.45 million compared to $1.61 million.

The growth of Healthcare Information Technology will only strengthen that revenue traction going into the next decade. According to an outlook published on ITNewsOnline.com, the "North America HealthCare IT Market Outlook to 2016", developed capital investment strategies and distribution channels as well as government requirements for investment in advanced Healthcare IT will drive the rapidly expanding niche market. MedLink has been mentioned in the report as a key player.

Year to date, shares of MedLink are up about $.69, or about 133% to trade at $1.19 per share.

$MLKNA Capital Raise puts MedLink on the Fast Track
http://www.worldmarketmedia.com/779/section.aspx/2804/post/medlink-inc-otcbb-mlkna-an-overview-of-growth-revenues-and-traction