HOUSTON, TX--(Marketwire - 09/23/09) - Bederra Corporation, 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 nursing homes.
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 these 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.