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Sanomedics International Holdings, Inc. (SIMH) manufactures and distributes innovative professional medical, as well as, home health diagnostic devices and products. As a pioneer in the trend toward preventive medicine, Sanomedic's goal is to act as a bridge between the high-technology medical world and the home healthcare environment. All Sanomedics professional and home healthcare products are designed to be easy to use while providing a high degree of health benefits and accurate results. Website: www.SanoMedics.c om |
Company OverviewSanomedics International Holdings, Inc. is a medical technology holding company that focuses on game changing products, services and ideas - a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. We plan to grow our existing business organically and through strategic acquisitionsspecifically relating to sleep disorder diagnosis treatments. Sanomedics seeks to acquire sleep therapy operating businesses and our strategy is to integrate a portfolio of world-class products and service providers in the growing Sleep Apnea market. Our goal is to provide Sleep Apnea patients with a reliable and integrated "end-to-end" service platform. |
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Growth & Acquisitions We plan to grow our business organically and through strategic acquisitions related to sleep disorder diagnosis and treatment via products and services. We seek to acquire sleep therapy service operating businesses that can be integrated into our operations. We will also seek acquisition and development opportunities related to other aspects of the sleep disorder marketplace. The Company will expect all acquisitions to be accretive to its earnings and fully integrated within ninety days of closing. |
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Caregiver® thermometer ( 1st generation )
The Caregiver® non-contact thermometers are very easy to use and they can save a lot of time.
The Caregiver® does not use glass and mercury in combination like typical thermometers.
The Caregiver® thermometer provides accurate and virtually instant temperature readings.
The Caregiver® thermometer is hygenic and comes with a backlit display, which is easy to read.
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Stock Purchase Agreements
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On April 26, 2013, the Company entered into a Stock Purchase Agreement with Prime Time Medical, Inc July 10, 2013, the Company entered into an Equity Purchase Agreement with Duke Medical Equipment LLC. |
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Prime Time Medical, Inc
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Prime Time Medical was founded on the premise that everyone deserves to live a healthy, active life while receiving medical care that supports your goals and provides expert guidance. Our staff reflects those goals. As healthcare professionals with extensive training as Respiratory therapists, Health technicians, and billing and collections specialists, our staff has an average of 20 years of experience in the healthcare field. They have the qualifications to provide you with knowledgeable care and home medical equipment recommendations, whether you need electric wheelchairs , portable oxygen concentrators , compressors, diabetic supplies, and more. We truly believe that you should control your health, not that your health should control you, and to help you achieve this goal, we provide many options. We offer a variety of medical supplies from different manufacturers so you can choose the equipment that best suits your personal needs. We also accept most major insurance policies, and our staff of knowledgeable billing specialists is here to answer any and all questions you may have. Because our goal is to help you as effectively as possible, you’ll never encounter long waits with us. We have professionals to take your calls and assist you with any question you may have, whether it has to do with a particular piece of medical equipment we supplied for you, a manufacturer’s warranty, caregiving advice, or insurance billing information. Just give us a call at (727) 548-8386. We’ll be more than happy to answer your questions and fill your orders, showing you the true meaning of customer service, whether you’re in Clearwater or Largo, Florida, or upstate New York. |
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Duke Medical Equipment, LLC
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Duke Medical Equipment is a nationally recognized and accredited medical equipment company. Duke Medical is accredited by the Joint Commission and is also a Medicare and Medicaid certified durable medical equipment company. We specialize in respiratory equipment such as oxygen, CPAP, Bi-PAP, nebulizers, suction machines, and many more! We also service patients in need of durable medical equipment such as hospital beds, wheelchairs, walkers, commodes, canes, and many other types of durable medical equipment. Duke Medical has a large service area. This branch of Duke services medical equipment for patients in the Houston area and within 100 miles in any direction. Duke Medical has a diverse and multilingual staff that possesses an unequaled level of compassion, care, and professionalism. Duke Medical is committed to providing exceptional care and service ?to our clients and patients. Our commitment to quality care, service, and compassion is unmatched by any other medical equipment company. This is our promise to you |
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Duke Medical EquipmentDuke Medical Equipment is dedicated to improving the functional ability and quality of life of patients in the home. Duke Medical Equipment provides high-quality products and services which meet the highest standards of safety and proficiency. Our commitment to service excellence ensures the quality of care expected by patients, hospitals, physicians and managed care organizations. |
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Sanomedics Signs Definitive Agreement for Acquisition of a prominent Texas based Sleep Services company.
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MIAMI, July 11, 2013 /PRNewswire/ -- Sanomedics International Holdings, Inc. (OTCQB: SIMH) ("Sanomedics"), a medical technology company that focuses on market expanding products and services announced that it has entered into a definitive agreement to acquire its 2 nd sleep services based company in Duke Medical LLC, of Baytown, Texas ("Duke") for an aggregate purchase price of $7,000,000 , which includes cash, the issuance of common shares of Sanomedics and debt consideration (subject to certain adjustments as set forth in the agreement). The transaction is expected to close during Sanomedics' fiscal third quarter ending September 30, 2013, and is subject to customary closing conditions as set forth in the agreement. Duke generated approximately $4 million in annual revenue with EBITDA of $1.5 million in 2012, and is on target to increase EBITDA close to $2 million this year based upon representations.
Duke Medical LLC, is a leading respiratory and sleep disorder provider of treatment equipment and services. It provides medical supplies to patients with sleep apnea with products such as CPAP/BiPAP, respiratory equipment, nasal and oral masks, and pulse oximeters, Duke Medical services patients throughout the Houston and Galveston, Texas and aggressively expanding throughout the state. The Texas Medical Center is home to 50 institutions including 14 hospitals and two specialty institutions . Since its inception, Duke has maintained the requisite licensure as a qualified Medical Equipment provider from the State of Texas.
The management team of Duke will continue to operate the day-to-day business as a wholly owned subsidiary of Anovent, Inc. ("Anovent"), which is a wholly owned subsidiary of Sanomedics.
Duke's leadership team has combined industry experience of over 34 years . Duke is led by Vann Duke, President, who has over 22 years of industry experience in the healthcare and medical equipment field. Mr. Vann Duke is a former US Western Division Sales Manager for Rotech Healthcare, Multiple Location Branch Manager for Apria Healthcare, and Houston Branch Manager for Lincare Inc. Mr. Duke has a MS in Industrial Organizational Psychology from The University of Houston and a BS in Psychology from Sam Houston State University.
"This transaction opens an exciting new chapter for Duke and our customers," stated Mr. Duke. " We are committed to continued growth , and I believe our efforts will be better supported by partnering with Sanomedics in our shared vision of the expansive sleep apnea marketplace . While we remain focused on the execution of our long-term strategy, we believe that we will deliver immediate value to shareholders. I believe this transaction will generate a tremendous boost for Duke Medical and Sanomedics. With an aging population and vast needs for home medical equipment in the future, Duke Medical and Sanomedics are on the cusp of an incredible growth potential in healthcare."
Keith Houlihan, Co-founder and President of Sanomedics, stated, "This acquisition will take Sanomedics into new geographic markets and expand our efforts to build out a national platform of our sleep apnea service and product offerings. I am extremely pleased to have the opportunity to work with Mr. Duke and continue building upon his tradition of success. This is truly an exciting chapter in both companies history".
About Sanomedics International Holdings, Inc.
Sanomedics International Holdings, Inc. (OTCQB: SIMH) is a medical technology company that focuses on game changing products, services and ideas – a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. We plan to grow our existing business organically and through strategic acquisitions specifically relating to sleep disorder diagnosis treatments. Sanomedics seeks to acquire sleep therapy operating businesses and our strategy is to integrate a portfolio of world-class products and service providers in the growing Sleep Apnea market. Our goal is to provide Sleep Apnea patients with a reliable and integrated "end-to-end" service platform.
About Duke Medical, LLC.
Duke Medical LLC, is a leading respiratory and sleep provider of equipment, services and medical supplies to home patients with products such as CPAP/BiPAP, respiratory equipment, nasal and oral masks, pulse oximeters, nebulizer compressors, hospital beds, bariatric equipment and support surface products for wound care management, servicing patients throughout the Houston and Galveston, Texas and aggressively expanding throughout the state. The Texas Medical Center is home to 50 institutions including 14 hospitals and two specialty institutions. Since its inception, Duke has maintained the requisite licensure as a qualified Medical Equipment provider from the State of Texas.
Forward Looking Statements
This press release may contain statements which constitute forward-looking statements, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the risk that the acquisitions of Prime Time Medial and/or Duke Medical are not consummated, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The Company's periodic filings with the Securities and Exchange Commission should be viewed for a complete understanding of risk and uncertainty. The acquisition agreement will be included as an exhibit to a Form 8-K with respect to the transaction that will be filed by the Company with the Securities and Exchange Commission.
Contact: Keith Houlihan, 305-433-7814, info@sanomedics.com
SOURCE Sanomedics International Holdings, Inc.
Released July 11, 2013
