NEWS....
Southern Home Medical Equipment Engages Northern Virginia Based Waterford Holdings Group to Evaluate and Consider Acquisition Candidates in the Mid-Atlantic Area
LYMAN, S.C., March 15, 2011 /PRNewswire via COMTEX/ -- Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding Company providing healthcare services, healthcare professionals and equipment to medical institutions, has targeted the Mid-Atlantic region for expansion and growth. After two consecutive profitable years, zero long-term debt, the company's management believes it is poised to pursue additional revenues and growth opportunities.
Waterford Holdings Group specializes in targeting and financing acquisitions, particularly in the Mid-Atlantic States. Brian August, CEO of Waterford Holdings remarked, "We see this as an excellent opportunity to merge privately held assets into a stable, conservative public entity like Southern Home."
Jeff Sarvis, CEO of Southern Home Medical Equipment states, "It has long been our desire to grow outside of the Durable Medical Equipment Industry. We feel that Waterford Holdings can provide us with suitable acquisition targets that will allow us to utilize our assets and expertise to obtain additional channels for our products and services, or provide us additional opportunities in the area of service providers in the rapidly expanding healthcare market."
About Waterford Holdings Group LLC.
Waterford Holdings Group is a boutique investment and consulting company specializing in equity, debt, and mezzanine financing for small businesses. The company was founded in 2007 to fill a niche market for small businesses that were rapidly being deprived of capital financing from larger institutions as the credit crisis began. The company has grown quickly and today has multiple investors and ownership interests in numerous private and public companies. Founder and CEO, Brian August, holds a BA from Cornell University and an MBA from University of Maryland University College.
About Southern Home Medical Equipment, Inc.
Southern Home Medical Equipment, Inc. is a Holding Company with a focus on servicing the needs of the Healthcare Industry. The Company has quality health care professionals to support hospitals, rehab centers, nursing homes and other medical facilities providing RN's, LPN's, CNA's, RT's, Billing Specialist, Customer Service Specialist, Delivery Techs and Marketing Reps. With contractual agreements with partner businesses in Charleston, Columbia, Greenville, Florence and Lake Hartwell, South Carolina; Nashville, Tennessee; Baltimore, Maryland; Dunwoody, Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is leveraging the success of these business models to expand sales opportunities in these areas with health, medical and equipment needs.
Forward-Looking Statements
The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
