$MDHI News out:  Announces 51% Acquisition of Medical

New Post Public Reply Private Reply Replies (0) Message Board
blue_steelA60

$MDHI News out:  Announces 51% Acquisition of Medical Sales Group ( $1 Million Cash, $300K LOC )
http://finance.yahoo.com/news/medical-alarm-c...00702.html


KING OF PRUSSIA, PA--(Marketwired - Jan 28, 2015) - Medical Alarm Concepts Holding, Inc. (OTC PINK: MDHI) (the Company), creator of the patented MediPendant® personal medical alarm device that provides users with a reliable and innovative way to communicate with emergency personnel and loved ones whenever medical assistance is needed, announces today that it has acquired a 51% equity stake in Medical Sales Group, LLC (Medical Sales Group).

Medical Sales Group was formed in 2014 as a vehicle for acquiring companies in the rapidly expanding medical and telehealth fields. Their initial acquisition was funded with one million dollars ($1,000,000) and consists of cash as well as existing medical alert accounts that were purchased at advantageous multiples of its monthly recurring revenue. This acquisition provides immediate value to Medical Alarm Concepts' shareholders in terms of the additional monthly recurring revenue. Furthermore, Medical Sales Group has extended a $300,000 line of credit to the Company to be used for new product research and development. Medical Sales Group has three (3) additional acquisitions currently in the pipeline. The acquisition of 51% of Medical Sales Group was in exchange for one million (1,000,000) shares of MDHI common stock.

"We are delighted with the acquisition of Medical Sales Group. This acquisition provides our company with the leverage and flexibility to grow our market presence, bring new products to the marketplace and create tremendous shareholder value." -- Ronnie Adams, CEO and President, Medical Alarm Concepts.

As a result of this acquisition, Medical Alarm Concepts is expecting to launch a new, state-of-the-art medical device as early as next month. Pre-orders of the new device have already surpassed expectations.

About Medical Alarm Concepts Holding, Inc.
Medical Alarm Concepts Holding, Inc., a publicly traded company under the symbol MDHI, is the creator of the MediPendant®, a patented two-way and three-way voice technology, for the personal medical alarm marketplace. The MediPendant® has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has received 28 product reviews on the retailer's website, 21 of which are "5 out of 5 Star" ratings. The average rating is "4.5 Stars" out of 5 Stars.For more information, please visit our website at www.medipendant.com.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

DIRECTV Bags New NHL Deals: Stakes for Sports Fans

Updated Category News Views 209

NHL Fans, Strap in: DIRECTV Expands Its Lineup In a world where keeping up with your favorite team gets tougher each day, DIRECTV just lobbed a puck right into the net with their latest play. They've snagged a multi-year deal with the NHL for the Carolina Hurricanes, Columbus Blue Jackets, Minnesota Wild, and St. Louis Blues networks. It's a game changer, folks. If you...

Continue Reading
Survivors Secure $800M Settlement with NY Archdiocese

Updated Category News Views 137

Massive Settlement: A Long-Awaited Justice Here's a different kind of news that's hitting like a thunderbolt. Over 1,300 survivors of abuse have finally struck a landmark deal with the Archdiocese of New York. Not only are the numbers staggering, but the relief for these individuals is palpable. We're talking about more than $800 million on the table here. That's some...

Continue Reading
Swanson Nexus Pro Launch: Boost for Dietitians

Updated Category News Views 160

Swanson Enters the Education Arena for Nutritionists Swanson Vitamins is mixing things up again! This time, they're launching something called Swanson Vitamins Nexus Pro, aimed squarely at the registered dietitians and licensed nutritionists crowd. Starting out as the place to grab your basic vitamins, Swanson's not resting on their supplement laurels. No, siree. They've...

Continue Reading
Millrose Faces Securities Fraud Suit Amidst Decline

Updated Category News Views 171

Dark Clouds Over Millrose Properties Holy smokes, folks, if Millrose Properties thought it could skirt under the radar, they were dead wrong. The curtain's been peeled back, and what do we see? A mess of securities fraud allegations and financial hiccups that’s driving its shareholders mad. October wasn’t too friendly—Hunterbrook Media dropped a bombshell revealing...

Continue Reading
Axon Body 5: A Leap Forward in AI for Public Safety

Updated Category News Views 251

Axon Raises the Stakes with Body 5 Camera Boy, oh boy, Axon's dropped a bombshell with the Body 5. We're talking a colossal leap into the AI era for public safety, and if you're in the biz, you can't just shrug this one off. We're looking at 25 times the AI processing power compared to Axon's old units. That's right, I said twenty-five. Real-time situational awareness in...

Continue Reading
Honeywell Aerospace Faces Class Action: Deadline Looms

Updated Category News Views 93

Navigating the Legal Storm with Honeywell Look, investors never have it easy, and when lawsuits start flying like today's news about Honeywell Aerospace, you better have your wits about you. Now here comes Kahn Swick & Foti, LLC, ringing the alarm bells. Any holders of Honeywell Aerospace stocks between late June and early September of '26 are squarely in the spotlight....

Continue Reading
World Young Scientist Summit 2026 in Wenzhou Kicks Off

Updated Category News Views 98

Young Minds Meet AI Innovation Crack open the playbook, and it's clear: young brains from across the globe are gathering in Wenzhou, Zhejiang, China, to wrangle with AI and chart the course of science toward a sustainable future. The World Young Scientist Summit 2026 isn't just a parade of speeches and accolades. Nah, it's a deep dive into where innovative minds believe...

Continue Reading
What to Expect: Your First Therapy Session Insights

Updated Category News Views 136

Starting With the Unknown: The Therapy Journey Begins Rolling into that first therapy session can feel like walking into a mystery with no clues. You're not alone if it stirs up some nerves—most folks feel the same, especially when it's your first rodeo in mental health support. That's where Cody Luke and David Spencer of Luke and Spencer Behavioral Health, based out in...

Continue Reading
Gildan Faces Lawsuit: Allegations of Deceptive Practices Shake Investors

Updated Category News Views 216

Gildan's Troubles Unveiled The financial jungle can be a pretty treacherous place, and Gildan Activewear Inc. (NYSE: GIL) just found out how fickle the market can be. An 18.7% nosedive in Gildan's stock price after a securities fraud class action came knocking—if that isn't enough to stir up a hornet’s nest among investors, I don’t know what is. The Catalyst:...

Continue Reading
Apalutamide Boosts Outlook for Prostate Cancer Treatment

Updated Category News Views 69

Fresh Findings on High-Risk Prostate Cancer Treatments In an industry that often feels like a game of chess, Johnson & Johnson's recent news unveils another one of their strategic moves with the announcement of breakthrough results from their Phase 3 PROTEUS substudy. Turns out, ERLEADA®, their apalutamide treatment, isn't just another pawn; it's a potential...

Continue Reading

Top 5 Most Recently Viewed Articles

Sonnet BioTherapeutics to Showcase Innovations in Immunotherapy

Updated Category News Views 116

Sonnet BioTherapeutics Advances in Immunotherapy Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN) is making significant strides in the field of oncology, thanks to its innovative approach to immunotherapeutic drug development. The company recently announced an exciting opportunity to present its research at an esteemed conference dedicated to cancer research. Exciting...

Continue Reading
Win $1,500 for a Transformative First-Class Flight Experience

Updated Category News Views 129

Transform Your Travel with Upgraded Points' Contest Upgraded Points presents an exciting opportunity for travelers to experience the luxury of first-class flying without the usual financial burden. With the newly launched contest, one lucky winner will be awarded $1,500 to upgrade their domestic round-trip flight to first class and share their journey. This contest is...

Continue Reading
Florida Cancer Specialists Expands Team with Dinesh Keerty, MD

Updated Category News Views 135

Florida Cancer Specialists Welcomes Dr. Dinesh Keerty Florida Cancer Specialists & Research Institute, known for its commitment to outstanding cancer care, is excited to introduce Dr. Dinesh Keerty, a seasoned medical oncologist and hematologist, to its expanding team. He will be serving patients at two prominent locations: one on Medical Center Drive and another on...

Continue Reading
Glen Burnie Bancorp Reports Q3 2024 Results with Insights

Updated Category News Views 87

Glen Burnie Bancorp Financial Performance Overview Glen Burnie Bancorp (NASDAQ: GLBZ) has recently shared its financial results for the third quarter of 2024, revealing a net income of $129,000, equating to $0.04 per share, which reflects a significant decline from the previous year's $551,000 or $0.19 per share. The income for the nine-month period ending September 30,...

Continue Reading
Fifth Third’s Newline™ Recognized as Top Embedded Finance Solution

Updated Category News Views 287

Newline™ by Fifth Third Receives Prestigious Award Newline™ by Fifth Third has recently been celebrated as the Best New Embedded Finance Platform at the Big Bank Theory Awards, organized by Tearsheet. This award showcases the innovation and leadership present in the financial technology sector, particularly highlighting how companies are transforming the banking...

Continue Reading