Oncologix Tech Acquires Amian Health Services; Gains Leading Veterans and Private Pay Healthcare Service Company
18 December 2013 - 1:00AM
Marketwired
Oncologix Tech Acquires Amian Health Services; Gains Leading
Veterans and Private Pay Healthcare Service Company
ALEXANDRIA, LA--(Marketwired - Dec 17, 2013) - Oncologix
Tech, Inc. (OTCQB: OCLG) announced today the Company has purchased
the assets of Amian Health Services, a leader in the Personal Care
Attendant (PCA) healthcare services industry for Veterans and
Private Pay clients.
Wayne Erwin, OCLG's Chief Executive Officer, remarked,
"Oncologix is extremely delighted to complete this acquisition of
Amian Health Services. Amian is a leading healthcare services
company in the State of Louisiana that provides PCA services to
over 70 active clients, 78 full time employees, and with $1.06
million in annual revenues. The acquisition of Amian Health
will provide the delivery of personal care services to Private Pay
and Veterans clients with a market segment that Angels of Mercy did
not serve. We will merge the Amian operations and selected
personnel into Angels of Mercy existing operations and the combined
synergies of both business entities will provide over $4.1 million
in annual revenues, 228 employees and earnings to exceed $540,000
per year. This acquisition continues with our healthcare division
strategy: to acquire healthcare services-related
companies."
Amian Health Services began its healthcare service operations in
2004 with offices located in Alexandria and Lafayette, Louisiana.
As a healthcare service provider, Amian delivers education and
training to Personal Care Assistants who provide routine health and
personal care support with Activities of Daily Living (ADL) to
seniors, clients with physical impairments or disabilities in
private homes, nursing care facilities, hospice care settings, and
other residential settings. Amian holds both PCA-Medicaid Waiver
Provider and Residential Rehabilitation/Supervised Independent
Living (SIL), and personal care services for Veterans with licenses
issued by the Division of Licensing and Certification of the
Department of Social Services, Veterans Hospital Administration
Social Services and the Louisiana Department of Health and
Hospitals. Licenses are issued to Amian Health in Region 4 and
Region 6 covering 12 parishes within the State of Louisiana.
Oncologix is an acquisitive diversified medical device and
healthcare holding company. For its customers, Oncologix provides
FDA approved medical devices and state licensed healthcare
services. For its shareholders, Oncologix acquires profitable
operations that build, maintain and nourish shareholder value. The
Company's corporate mission is to be the best small cap medical
device and healthcare holding company in North America.
This press release may contain forward-looking statements, made
in reliance upon Section 21D of the Exchange Act of 1934, which
involve known and unknown risks, uncertainties or other factors
that could cause actual results to differ materially from the
results, performance, or expectations implied by these
forward-looking statements. The Company's expectations, among other
things, are dependent upon economic conditions, continued demand
for its products, the availability of raw materials, retention of
its key management and operating personnel, its ability to operate
its subsidiary companies effectively, need for and availability of
more capital as well as other uncontrollable or unknown factors
which are more fully disclosed in the Company's 8-K on file with
the Securities and Exchange Commission.
CONTACT
INFORMATION Wayne Erwin CEO Email Contact 318-769-1958
Investor Relations: Jack Eversull President The Eversull Group,Inc.
972-571-1624 214-469-2361 fax Email Contact
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