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Supurva Healthcare Group Announces Substantial Upgrade to Acquisition LOI with Telemend Medical
Supurva Healthcare Group Announces Substantial Upgrade to Acquisition LOI with Telemend Medical.
About this update from Supurva Healthcare Group, Inc.
[{"type":"text","content":"Supurva Healthcare\nGroup Announces Substantial Upgrade to Acquisition LOI with Telemend Medical\n\n\n\nSupurva Expects Major\nBreakout Year in 2015; Upwards of $2 Million in Revenues Expected Over The Next\nTwelve Months\n\n\nCovington, LA, July 16, 2015 (Accesswire) – Supurva Healthcare Group, Inc.\n(Formerly known as Lighthouse Petroleum, Inc.) (“Supurva” or the “Company”)\n(OTC Markets: SPRV), is pleased to announce today that the Company has upgraded\nthe “letter of intent” (LOI) to acquire Telemend Medical (“Telemend”) announced\non July 8, 2015 to now include existing clinical engineering contracts with\nvarious government entities nationwide. Under these additional contracts, the\nCompany will be initiating a hybrid of clinical engineering and IT services\nalongside the Company’s mobile healthcare services providing for a\nbest-in-class telemedicine delivery system. These contracts are expected to add\nin excess of $400,000 in revenues over the next twelve months to the total acquisition\npackage. This is in addition to the other contracts under the LOI to provide\nservices to 35 dental facilities in the Greater Houston area that are expected\nto generate more than $1.6 million in\nrevenues for the Company over the next twelve months. \n\nCurrent CEO of Telemend, Sheneka Rains, has agreed to remain as CEO of\nTelemend after its acquisition and will also serve as COO of Supurva. After completion of the transaction, she will\nbe well positioned for further expansion of the Company, bringing with her many\nyears of experience managing clinical engineering contracts and having\nestablished operational excellence amongst a variety of healthcare business\nmodels. In her tenure as CEO of\nTelemend, Ms. Rains has doubled total customer accounts and tripled revenue.\n\n Gerard Danos, CEO of Supurva\nstated, “Clinical engineering will provide a steady revenue stream that will\nallow us to far exceed our projected targets for 2015. This level of revenues will enable the\nCompany to quickly reach its goal to achieve fully reporting status as soon as\npossible. I am also thrilled that Ms. Rains will join our organization to\nensure a smooth transition of existing customers as well as establish\noperational systems that will facilitate additional future acquisitions.”\n\nAbout Supurva Healthcare\nGroup, Inc.\n\n...