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Supurva Healthcare Group, Inc. CEO Releases Letter to Shareholders
Supurva Healthcare Group, Inc. CEO Releases Letter to Shareholders.
About this update from Supurva Healthcare Group, Inc.
[{"type":"text","content":"\n \n \n Supurva Healthcare Group, Inc. CEO Releases Letter to Shareholders\n \n \nSupurva Healthcare Group, Inc. CEO Releases Letter to Shareholders\n \n COVINGTON, LA--(Marketwired - Jul 21, 2015) - Supurva Healthcare Group, Inc. (OTC PINK: SPRV)\n Dear Shareholders,\n I am excited to report to you our near-term progress as it relates to our operating businesses and stock. Included in this update you will find details regarding the LOI of TeleMend Medical and its implications for the Company and its shareholders as well as additional items of shareholder interest. \n After continued diligence with the TeleMend Medical (\"TeleMend\") team, we have executed an expanded LOI to acquire all of the assets of the operations and to absorb their operational team to continue to manage these assets. \n As a former licensed nursing home administrator, my vision is to create a fully integrated healthcare technology management firm dedicated to the enhancement of chronic long-term health care. While most progress in medicine has occurred at the surgical and therapeutic fronts, I believe we are uniquely positioned to capitalize on a shift in the focus of healthcare delivery to chronic/sub-acute care solutions. \n Our first acquisition is very much synergistic with this vision; TeleMend employs proven concepts to optimize healthcare delivery models aimed to promote quality-of-care and outcomes while minimizing costs. Their momentum comes from their ability to develop solutions ahead of current industry needs. TeleMend plans to expand its expertise into areas such as information technology, population health, clinical decision support, and data analytics. \n Revenue from TeleMend will be realized through their two operational divisions: onsite dental service management and clinical engineering (CE). Dental has produced $290,000 in revenue through May 2015 and projects $550,000 for June-December, for a year-end total of $840,000. CE has revenues totaling $205,000 through May with an additional $205,000 projected through the end of the year. Both dental and CE revenue is funded through state government contracts and accounts; thus, these projections have a high likelihood of being realized within a small margin. \n There is a tremendous opportunity for us going forward. In a recent article published at Business Insider, a rep...