Southern Home Medical Equipment, Inc. Secures Funding for Medical Staffing Company
SPARTANBURG, S.C., May 3 /PRNewswire-FirstCall/ -- Southern Home Medical Equipment, Inc. (Pink Sheets: SHMM) is pleased to announce that the Company has secured funding for its first location of Encore Medical Staffing, Inc. Greg Tucker, President and CEO of Southern Home states, "Our growth plans are right on target as it pertains to our move into medical staffing." The company recently announced a national development agreement with First Choice Medical Staffing of Louisiana. First Choice Medical Staffing is a healthcare staffing company that is designed to meet the personnel needs of healthcare institutions including hospitals, nursing homes, rehab and other facilities. Greg Tucker, President and CEO of Southern Home stated, "First Choice Medical Staffing has a proven business model which capitalizes on one of the fastest growing industries in the country. In their second year of operations, the company generated over three million dollars in revenues. We have no plans to change or alter this business model. We simply want to grow it and expand it quickly. We have began operations under the name Encore Medical Staffing, Inc. in Greenville, S.C. Our plans are to expand the business model first in the Southeastern United States and eventually on a national level. This agreement allows Southern Home Medical first right of refusal for all markets outside the state of Louisiana. We are thrilled to be working with the First Choice Medical Staffing team. The First Choice team will act as consultants on a long term basis as we move Encore Medical Staffing forward and we look forward to building a strong business relationship with them that will benefit their company, Southern Home Medical and ultimately, our shareholders."
About Southern Home Medical Equipment, Inc.:
Southern Home Medical is a holding company with a focus on medical equipment operations in the Southeastern United States. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up of additional sites in strategic locations throughout the Southeast. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment that includes: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Encore Health & Wellness Division, Southern Home has also moved into additional health, wellness, and fitness related businesses to include Encore Medical Staffing, Inc. and Ladies Health & Fitness, Inc.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Southern Home Medical Equipment, Inc.
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Source: Southern Home Medical Equipment, Inc.
CONTACT: Southern Home Medical Equipment, Inc., Investor Relations,
Web site: http://www.southernhomemedical.com/