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SOURCE: Healthcare Holdings Group, Inc.
Healthcare Holdings Group, Inc. ("HCH") formally announced today asset acquisition of the 17-year-old private technology firm Clinical Data Technologies ("CDT").
Boca Raton, FL (PRWEB) October 08, 2012
Healthcare Holdings Group, Inc. (“HCH”) formally announced today an asset acquisition of the 17-year-old private technology firm Clinical Data Technologies (“CDT”). The acquisition was completed in June 2012 and operations have formally integrated as of the end of July. In addition, HCH is pleased to announce the acquisition of Access My Records, Inc. (“AMR”), this acquisition was completed in September 2012 through a share-exchange agreement. AMR is now a wholly-owned operating subsidiary of HCH. Through this acquisition, Mr. Lenny Tambasco, former President of AMR, has been named the Chairman, CEO and President of Healthcare Holdings Group, Inc. AMR, an already established online Personal Health Records (“PHR”) service provider since 2005, will now become the new cloud-based PHR Patient-Portal for HCH’s new Electronic Health Records (“EHR”) software suite.
“The acquisition of CDT’s assets and AMR falls into the strategic investment planning, development, and market penetration behind the progressive and calculated approach of Healthcare Holdings Group, Inc,” said Mr. Tambasco. “HCH is re-engineering and rebranding the CDT software to ChartZoneMD software suite in preparation of obtaining Meaningful Use certification and the expanding Electronic Health Records market.” Mr. Tambasco went on to say, “AMR and ChartZoneMD are further united with SmartFormsMD, a customizable, medical voice-command module, complete with medical dictionary integration, which was already being developed by the HCH IT Team prior to these acquisitions. It’s a perfect rounding and addition for our investors and customers.”
Dr. Nancy Klotz, Chairman of CDT said “It’s a great opportunity for our investors to be part of a company with such commitment, focus, and resources in the EHR arena. The depth of their IT development team and their organization will bring the CDT software architecture into Meaningful Use certification and compliance in Q1 of 2013.”
About Healthcare Holdings Group, Inc.
Healthcare Holdings Group, Inc. (“HCH”) through its wholly-owned operating subsidiary, Access My Records Inc. (“AMR”), provides secure and easy-to-use online Personal Health Records ("PHR") serving consumers, healthcare professionals, employers, school districts, professional organizations and affinity groups. The AccessMyRecords.com cloud-based PHR facilitates the Health Information Exchange (“HIE”) component compliance for employers and enables both individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet or a Smartphone. AccessMyRecords.com is built on proprietary technologies. AMR’s products and services allow consumers and healthcare professionals to add documents and images for transmittal, storage, or viewing in a standalone system using a variety of methods including fax, scan, or file upload without relying on any specific electronic medical record platform to populate a user's account. HCH’s Electronic Health Records (“EHR”) software suite, ChartZoneMD, is designed to give physicians' offices an easy and cost-effective cloud-based practice management solution. ChartZoneMD's suite of applications, tools, and technology allow clinicians to seamlessly transit from paper charts to the recently mandated Meaningful Use EHR format and reporting styles. In addition, HCH has developed SmartFormsMD, a free-standing, time-saving, error-reducing, customizable, medical voice-command module complete with medical dictionary integration and specialty accommodation. The ChartZoneMD software suite enables real-time sharing of medical records with patients, via the AMR integrated patient-portal module.
Statements in this press release that are not strictly historical in nature, including statements about future performance, expectations, beliefs, intentions, estimates or projections, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Healthcare Holdings Group, Inc.'s actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words (and their derivations) such as: "need," "possibility," "offer," "development," "if," "negotiate," "when,", "begun," "believe," "achieve," "will," "estimate," "expect," "project," "maintain," "plan," and "continue," or the negative of these words. Factors that could cause or contribute to such differences include, but are not limited to, the risk our products and services are not adopted or viewed favorably by the healthcare community and retail market, both in the U.S. and internationally; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; product integration in physician practices and hospitals; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product introductions; scheduling; ability to establish and maintain strategic relationships; ability to identify and integrate acquisitions; relationships with licensees; competitive product offerings and promotions; changes in government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry both in the U.S. and internationally; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; acceptance of the Company's marketing and promotional campaigns; risks related to a security breach by third parties; maintaining, developing, exploiting and defending our intellectual property rights including those pertaining uncertainties associated with doing business internationally across borders and territories; and additional risks inherent in development stage businesses. Healthcare Holdings Group, Inc. is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
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