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Alternate Health Signs Contract Expected to Significantly Increase Lab Business
Alternate Health Signs Contract Expected to Significantly Increase Lab Business.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Signs Contract Expected to Significantly Increase Lab Business\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlternate Health Signs Contract Expected to Significantly Increase Lab Business\nPR Newswire\nSAN ANTONIO, TX, Aug. 7, 2018\n\n\n\nSAN ANTONIO, TX, Aug. 7, 2018 /PRNewswire/ - Alternate Health Corp. (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in software solutions for the medical cannabis industry, announced today that the Company signed a binding contract on August 6, 2018, to provide laboratory services for a large multistate laboratory provider.\n\n\n \n \n\n \nAlternate Health expects to begin testing samples in August and is targeting a ramp up to a monthly sample rate of 25,000 – 30,000 by December 2018. August is forecasted to begin with approximately 5,000 to 6,000 samples monthly with an increase of 5,000 to 6,000 additional samples per month. The assumptions on sample volumes, both to start in August and the December projections, were made after carefully reviewing the current needs and future growth projected by the referring entity.\n\nRegional fees per sample run between US$50.00 to US$250.00, with averages falling into the US$130 to US$150 range. Costs and expenses associated with performing the tests certainly vary with volume, with Alternate Health's historical numbers falling between US$35.00 to US$70.00 per sample.\n\n\"This is a major step forward for the Company and Alternate Health Labs,\" says Dr. Michael Murphy, Chairman and CEO of Alternate Health. \"This deal represents the culmination of all the hard work and dedication we have put into our laboratory strategy.\"\n\nIn late 2017 through 2018, the Company completed a program of upgrades at Alternate Health Lab's San Antonio facility. As a result, Alternate Health Labs now has the capacity to run blood, toxicology, allergy, pharmacogenetics, respiratory pathogen panels and women's health panels.  \n\n\"With this agreement, Alternate Health will benefit from the investments we have made in our laborator...