American Transportation Holdings Inc. (ATHI)

[sgt947]

HHII.. announced that it has entered into a letter of intent to acquire Mount Auburn, Inc. dba Associated Home Health, a Medicare-certified Home Health Agency based in Florida.

Mount Auburn is primarily engaged in providing skilled nursing services and other therapeutic services, such as physical therapy, speech-language pathology services, or occupational therapy, medical social services, and home health aide services. It has policies established by a professional group associated with the agency to govern the services and provides for supervision of such services by a physician or a registered nurse. It is licensed in accordance with the state of Florida and meets all conditions found by the Secretary of Health and Human Services to be necessary for health and safety. Additionally, both federal and state regulatory agencies have always rated the agency's standards as exemplary.

"We are very excited by this pending acquisition. Not only does the agency have excellent credentials, but it has the same mission as HHII, to provide the best care and services to seniors and those with permanent or short-term disabilities," stated Lazaro Garcia, CEO of Home Health International, Inc.

Another benefit of the acquisition is the Medicare-certified agency's Florida location. Home healthcare expenditures in Florida have experienced near double-digit growth year over year since 2007. From 2008-09, Florida experienced an increase of 9.2% in home health expenditures ($4.8 million, 2008; $5.3 million, 2009; Florida Agency for Healthcare Administration). This rate of increase was enough to crown home health the fastest growing healthcare expenditure in Florida.