HHII Poised to Capitalize on Growing Home Healthcare Market
April 12 2012 - 8:30AM
Marketwired
Home healthcare is a rapidly growing industry and Home Health
International Inc. (PINKSHEETS: HHII) is poised to capitalize on
the increasing demand for home health services.
Home Health International is geographically located in a
marketplace prime for expansion and growth. According to the
National Association for Home Care and Hospice, approximately 12
million people in the U.S. require some form of home healthcare
services. More than two-thirds (69%) of home healthcare recipients
are over age 65. Census data show that the state of Florida --
where Home Health International is located -- led the nation with
the highest proportion of people age 65 and over (17%) in 2008.
Additionally, spending on home healthcare services continues its
rapid climb with Medicare covering a significant portion of the
tab. The Centers for Medicare & Medicaid Services (CMS)
estimated nationwide spending for home healthcare services to be
$65 billion in 2008 with an increase to $72.2 billion in 2009.
Medicare is the largest single payer of home healthcare services,
accounting for approximately 41% of home health expenditures
nationwide. As a Medicare-approved agency, Home Health
International is properly positioned to absorb a significant share
of the ever-growing industry revenue stream.
But once again, Home Health International's location proves a
benefit. Home healthcare expenditures in Florida have experienced
near double-digit growth year over year since 2007. From 2008-09,
Florida experienced an increase of 9.2% in home health expenditures
($4.8 million, 2008; $5.3 million, 2009; Florida Agency for
Healthcare Administration). This rate of increase was enough to
crown home health the fastest growing healthcare expenditure in
Florida.
The positive market outlook and growing demand for quality home
health agencies has provided a multitude of recent opportunities
for Home Health International Inc. HHII is currently in
negotiations with several referral agencies, doctors, and
hospitals. Additionally, the organization is recruiting additional
staff and strengthening relationships with nurse staffing agencies
in preparation for its planned growth.
About Home Health International Inc. Home Health International
Inc. was incorporated in the State of Nevada on September 13, 2006.
The Company was formerly known as Micro Mammoth Solutions, Inc. and
operated as such until January 25, 2010. On January 26, 2010, the
Board of Directors of the Company approved a Stock Purchase
Agreement between the Company and all of the shareholders of Atlas
Capital Partners, LLC. Following the acquisition of Atlas Capital
Partners the shareholders approved an amendment to the Company's
Articles of Incorporation changing the Company's name from Micro
Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company
received shareholder and board approval to amend its Articles of
Incorporation to change its name to Home Health International Inc.
This change was approved by FINRA and became effective on March 26,
2012.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to risks and uncertainties that could
cause future results to differ materially from the forward-looking
statements. You should consider these factors in evaluating the
statements herein, and not rely on such statements. The
forward-looking statements in this release are made as of the date
hereof and Home Health International Inc. undertakes no obligation
to update such statements.
CONTACT: Home Health International Inc.
info@homehealthintl.com
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