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  • Oncologix Tech, Inc. (OCLG) Acquires Amian Health Services To Merge With Angels Of Mercy 0 comments
    Dec 18, 2013 11:05 AM | about stocks: OCLG

    Oncologix Tech, an acquisitive diversified medical device and healthcare holding company, has acquired the assets of Amian Health Services, a provider of Personal Care Attendant (NYSEARCA:PCA) healthcare services for veterans and private pay clients.

    Amian provides PCA services to more than 70 clients in the State of Louisiana, has 78 full-time employees, and $1.06 million in annual revenues. As explained by Wayne Erwin, CEO of Oncologix, the merger of Amian's operations and certain personnel into Angels of Mercy will create combined synergies of more than $4.1 million in annual revenues and earnings expected to top $540,000 per year.

    "Oncologix is extremely delighted to complete this acquisition of Amian Health Services. … The acquisition of Amian Health will provide the delivery of personal care services to private pay and veterans clients with a market segment that Angels of Mercy did not serve," Erwin stated in the news release. "This acquisition continues with our healthcare division strategy: to acquire healthcare services-related companies."

    Amian began its healthcare service operations in 2004 with offices located in Alexandria and Lafayette, Louisiana. Amian educates and trains personal care assistants who provide routine health and personal care support with Activities of Daily Living (ADL) to seniors, clients with physical impairments or disabilities in private homes, nursing care facilities, hospice care settings, and other residential settings.

    Financial details of the agreement were not disclosed.

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: OCLG
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