HOUSTON, TX--(Marketwire - September 23, 2009) - Bederra Corporation (PINKSHEETS: BEDA), a
Houston, TX-based diversified medical services provider, announced the
company is in discussions to acquire Basic Solutions, Inc., a Houston,
TX-based company specializing in mobile diagnostic services. The company
had previously announced a Joint Venture agreement between the companies,
however, it has become apparent to both parties that the acquisition of
Basic Solutions would benefit both businesses.
Basic Solutions is an established and operational mobile diagnostic group
that performs services such as Eko Cardiograms, Pulmonary Function tests,
Vascular Studies and Event Monitoring to physicians offices, clinics, and
The advantage to each party is that this acquisition gives Bederra Corp. an
opportunity to perform these services in-house at its Lumar Imaging and
Reliant Medical Group Clinic facilities. The advantage for Bederra Corp. is
that by acquiring Basic Solutions, it will now become an ICAVL certified
facility and be able to gain further revenues under the "ICAVL"
certification of the Reliant Medical facility. This certification is
required by Medicare and some insurance companies in order to perform
certain diagnostic tests that are paid for by these entities, allowing
Reliant Medical facility access to a broadened client base. The annual
budget of Medicare is approximately $500 billion with diagnostic testing a
growing part of the budget.
The acquisition, when closed, would add an estimated $3-4 Million per year
in gross revenues for Bederra.
Management also noted that its potential acquisition of Neogenex Medical
Technologies is still open and undergoing customary due diligence review.
About Bederra Corp.
Bederra Corporation, through its wholly owned subsidiaries Lumar Imaging,
Inc., Reliant Medical Group and Diagnos, Inc., provides multiple modality
diagnostic medical imaging services to the greater Houston area and the
world famous Texas Medical Center. The Company's business strategy is to
continue to expand its current operations and seek out additional
acquisitions that will complement its core offerings.
Under The Private Securities Litigation Reform Act of 1995: The statements
in the press release that relate to the company's expectations with regard
to the future impact on the company's results from new products and
services in development, including any planned acquisitions, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The results anticipated by any or all of
forward-looking statements may not occur. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.