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Media Contacts
Lilly Ghahremani
Chief Marketing Officer &
Corporate Communication
Healthcare of Today, Inc.
mediacontact@healthcareoftoday.com
Tel:(866)963-2417 x 802
Press Release
Healthcare of Today Signs Agreement To Acquire Diabetic Supply CompanyBURBANK, CA -- February 16, 2010 -- Healthcare of Today, Inc. announces that it has signed a definitive agreement to acquire leading diabetic supply company Discount Diabetic (www.discountdiabetic.com).
Established in 2001, Discount Diabetic has rapidly grown to be one of the leading providers of diabetic testing supplies in the United States. The company provides diabetics with a complete array of affordable, top quality, brand name diabetic and health care supplies. Discount Diabetic is Medicare accredited and has received the Joint Commission gold seal of approval. Diabetes is raging in the American population right now. According to the American Diabetes Association, 23.6 million children and adults in the United States—7.8% of the population—have diabetes, with 1.6 million new cases diagnosed in adults each year. Another 57 million people are considered pre-diabetic.
In addition to its broad inventory, Discount Diabetic offers many useful services to its customers including managing the documentation process, direct filing of insurance (so patients avoid up front costs), free and fast home delivery, and excellent customer service. Furthermore, Discount Diabetic has developed a highly scalable platform to continue its growth and has the ability to add additional homecare product offerings.
CEO of Healthcare of Today, Henry Jan says, “Discount Diabetic’s model not only provides diabetics with affordable, easily-accessed supplies, but enhances the experience with consistently superior customer service. As they join our family of companies, we will be able to continue finding the most efficient ways to provide seniors and other diabetes patients with exceptional products and services to meet their needs.”
About Healthcare of Today
Healthcare of Today, formed in 2008, acquires and develops companies primarily within the healthcare industry. Through its many subsidiaries, Healthcare of Today owns and operates a number of vertically-integrated businesses including: adult stem cell research and development technology, advanced human tissue engineering, medical device technology, medical and home healthcare equipment sales, hospice care, residential care facilities for the elderly, home healthcare services, nurse and therapist staffing, healthcare information technology, healthcare consulting, insurance, medical billing, data protection and security.
This announcement is not an offer to sell any Healthcare of Today securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934.
Healthcare of Today press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements will be found in the company's Registration Statement to be filed with the SEC.
Media Contact:Lilly Ghahremani
1-866-963-2417 ext 802
mediacontact@healthcareoftoday.com
www.healthcareoftoday.com
Online newsroom: www.healthcareoftoday.com/MediaRoom
