Press Release
Healthcare of Today to Acquire Healthcare IT Solutions FirmBURBANK, CA – February 8, 2010 – Healthcare of Today, Inc. (www.healthcareoftoday.com) today announces the signing of a Letter of Intent to acquire Tall Umbrella, Inc., a healthcare IT system provider.
For healthcare organizations, Tall Umbrella provides a full spectrum of IT products and services that deliver measurable results in terms of increased staff efficiency, and lower operational costs. The company designs, delivers, and supports healthcare infrastructure solutions, including complete wireless (WiFi) networks and complete cloud computing systems. Tall Umbrella’s unique group of technologies, created on open standards for low cost and flexibility, are less costly to implement and much less to maintain than those of competitors. Its superior mobility software technology suite is also poised to support the growing need for portable, hand-held devices such as Smartphones and mobile PCs in healthcare environments. Tall Umbrella’s systems maximize the end user experience, minimize network operation costs, and improve patient care outcomes.
CEO of Tall Umbrella, Jack Riedel says, “We understand the unique needs of daily healthcare operations, so we offer straightforward systems that are easy to use, improve accuracy metrics, lower costs and optimize medical professionals' time. Globally, most healthcare businesses can profit from these improvements; our innovative, low cost solutions deliver these improvements with ease.”
Healthcare of Today’s vertical-integration business model places great emphasis on maximizing efficiency and lowering costs in its subsidiaries. In addition to its many healthcare companies, Healthcare of Today has a number of subsidiaries that provide complementary business services, including Medical Billing Specialist (www.medbillspec.com) and Matriarch Healthcare Systems (www.matriarchsystems.com), which provides innovative web design and software development for healthcare companies.
Healthcare of Today CEO Henry Jan says, “Tall Umbrella is focused on optimizing performance and lowering costs, which are valued greatly in our Healthcare of Today businesses. In addition to our hopes for Tall Umbrella’s growth as healthcare facilities seek new and affordable ways with which to communicate information, we look forward to exploring the many ways in which its technology can be implemented within our own family of businesses to continuously increase efficiency, lower costs, and improve shareholder value.”
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
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