MIAMI, FL, United States, via eTeligis Inc., 06/04/2014 - - Sanomedics International Holdings, Inc. (OTCQB: SIMH) has announced that their new subsidiary, SanoER LLC, has signed an LOI to acquire a freestanding 5000 square foot, state of the art emergency room, which will accommodate six physicians plus staff, in Harlingen, Texas. Dr. Richard Joe Ybarra, MD, will oversee the management and expansion of these facilities. This facility will be the first in our overall strategy to become a significant operator of Free Standing Emergency Rooms in this market.
Keith Houlihan, Sanomedics, Founder and President, commented, "Freestanding emergency rooms remain the least penetrated alternate site provider segment in the U.S. healthcare sector. We believe this presents a significant opportunity to deliver quality care in the freestanding emergency room setting and transform this underpenetrated market. We have developed a highly scalable business model for establishing new freestanding emergency rooms that include attractive unit economics, sophisticated data analytics to support our site-selection process, proven real estate development practices and innovative marketing programs. We seek to transform the emergency care delivery model by offering high quality, efficient and consumer-oriented healthcare in the communities we will serve."
He added, "We intend for these facilities to create a revenue stream of approximately four million dollars annually, per location, within 15 months after opening, and generally have operating margins, excluding depreciation and amortization, of between approximately 20% and 35%, and with cost savings for patients, shorter wait times, more efficient care, and savings to Insurance companies. This facility will be housed with state of the art, top of the line equipment, such as CT Scans, Digital x-ray, and full lab services."
Dr. Richard Joe Ybarra, MD., is a Board Certified Physician with 20 + years of experience in the healthcare field and has served as Medical Director in the following institutions:
- Emergence Medicine, PA, Harlingen, Texas
- St. Joseph Medical Center, Houston, Texas
- Brownsville EMS, Brownsville, Texas
- New Horizons Medical Clinic, Houston, Texas
- First Choice ER, Houston, Texas
- St. Joseph Medical Center, Houston, Texas
- Harlingen Medical Center, Harlingen, Texas
- South Texas Health System, McAllen, Texas
- Island Family Practice Center, Houston, Texas
- Dolly Vinson Hospital, San Benito, Texas
- Cyfair Medical Center, Houston, Texas
- Valley Regional Medical Center, Brownsville, Texas
- Angleton EMS, Angleton, Texas
- Coastal Emergency Medicine Management, Houston, Texas
About SanoER LLC:
SanoER specializes in the development, management and acquisition of Freestanding Emergency Rooms (FSER) and provides the best possible experience and outcome for patients and physicians. We have developed an innovative facility design and infrastructure specifically tailored to the emergency care delivery system that combines best hiring practices for staff, latest technology for equipment and an efficient physical layout to deliver high-quality, cost-effective care.
SanoER will focus on providing emergency care through our freestanding emergency rooms with the goal of improving the quality of care and enhancing the overall experience for patients and physicians. We believe our focused approach increases patient, physician and staff satisfaction. Innovative characteristics of our emergency facilities to include:
- 24/7 Emergency Care. A 5000-7000 square foot Freestanding Emergency Room conveniently located and offering "round the clock" emergency care with a full staff, including a physician on-site at all times.
- Board-Certified Physicians. Staffed with experienced healthcare professionals capable of handling all emergency issues.
- Streamlined. Streamlined check-in process designed to have patients seen by a physician within minutes.
- Latest technology and Equipment. Diagnostic imaging technology, including CT scanners, digital x-rays and ultrasounds. On-site laboratories, which provide results in minutes, and are certified by the Clinical Laboratory Improvements Amendments (CLIA) and accredited by the Commission on Office Laboratories Accreditation (COLA).
FSED Definition
A "freestanding emergency medical care department or facility," or FSED/FSER, is defined as a facility, structurally separate from and unaffiliated with any hospital, that is licensed and capable to receive and provide medical treatment and/or stabilization of any emergent condition to patients requiring immediate medical care. As such these independent facilities operate under distinct licenses separate from and unencumbered by the traditional challenges and certification requirements of hospital-based emergency departments.
The FSED/FSER is a completely novel concept. It should not be confused with urgent care facilities or even hospital-affiliated freestanding ERs.
About Sanomedics International Holdings, Inc.
Sanomedics International Holdings, Inc. (OTCQB: SIMH) is a medical technology holding company that focuses on game changing products, services and ideas -- a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. We plan to grow our existing business organically and through strategic acquisitions specifically relating to healthcare technology and services.
Forward Looking Statements
This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties (for example, the risk that the acquisition is not consummated), and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The Company's periodic filings with the Securities and Exchange Commission should be viewed for a complete understanding of risk and uncertainty.
CONTACT:
Keith Houlihan
305-433-7814
SOURCE: Sanomedics International Holdings, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
SIMH_6-4-2014_PAP_ETL.docx
To unsubscribe from any future mailings, please visit: http://www.eteligis.com/MassMailUnsubscribe.aspx
Copyright eTeligis Inc. 2014. All rights reserved.
0 comments:
Post a Comment