KAHI NEWS ...!!
Press ReleaseSource: Kaire Holdings, Inc
Kaire Holdings, Inc Acquires Medical Transportation Company
Wednesday February 19, 9:30 am ET
LOS ANGELES, CA--(INTERNET WIRE)--Feb 19, 2003 -- Kaire Holdings, Inc (OTC BB: KAHI) announced that it has acquired South Bend, Indiana Ambulance Enterprises, Inc (AMBE). Established in 1995, AMBE is a regional provider of both emergency and non-emergency medical transportation with annual revenues of approximately $3,200,000. The company acquired AMBE for $450,000, payable in restricted rule 144 common stock and promissory note of $250,000. The note, plus annual interest of 4% is due and payable in two years. The company has the option at that time to pay the note in common stock which will be valued at market price.
Kaire CEO Steven Westlund commented on the announcement saying, "The acquisition of AMBE begins the company's strategic expansion into related segments of the health services industry. In addition to emergency medical transportation, AMBE also provides non-emergency medical transportation for board and care patients."
George R. LeFevre, with NeoTactix, commented on the transaction saying, "AMBE is the first of several opportunities that have been identified for Kaire in the quest to bring revenue and profit growth to the company through acquisition." NeoTactix (www.neotactix.com) is a Southern California-based business development practice specializing in guidance to small and emerging growth companies.
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Kaire Holdings, Inc provides services to targeted segments within the health care industry that includes emergency and non-emergency medical transportation and specialized pharmacy care to targeted segments of the health care market. Pharmacy care products and services are specifically tailored to the needs of patients undergoing complex medication therapy, as well as their associated health care managers. Kaire programs utilize specialized medication packaging that improves patient medication compliance while simultaneously reducing many repetitive tasks for health care managers freeing them to spend more time with their patients. The program also manages patient insurance claims through a wide variety of health care providers as well as facilitating communication between patients and their health care professionals. Specialized programs are available for HIV, diabetics, many seniors and persons in assisted living facilities.
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