CHERRY HILL, N.J., Aug. 10 /PRNewswire/ -- HEALTH WATCH HOLDINGS, INC. (“Health Watch”) today announced that it has completed the acquisition of substantially all of the assets of KEL Corporation, d/b/a Pioneer Medical Systems (“Pioneer”), located in Melrose, MA. Pioneer currently monitors approximately 45,000 subscribers. This acquisition brings the total number of accounts serviced by Health Watch at its response centers in Florida and Massachusetts to approximately 110,000. Health Watch is currently the second largest provider of Personal Response Systems (PRS) in the United States. Pioneer will continue to operate as a wholly owned subsidiary of Health Watch and its management will remain with the company to facilitate its continued growth.
Commenting on the acquisition, Richard M. Brooks, President & CEO of Health Watch stated, “This strategic acquisition allows Health Watch to maximize its infrastructure and creates a unique opportunity for our Company to continue its mission of providing the highest quality PRS equipment and monitoring services to our providers and their growing subscriber base of elderly and disabled persons. The Company’s PRS and other smart sensor devices are designed to monitor, identify and electronically report emergencies requiring medical, fire and police assistance and other data important to effective home healthcare. Our PRS equipment and monitoring services provide our subscribers with the reassurance and peace of mind that they will be able to obtain assistance in the event of a medical or other emergency.”
Established in 1986, the Company provides its services throughout the United States through home healthcare agencies, hospitals, visiting nurse associations, home care companies and state and local governments.
Health Watch Holdings, Inc.
CONTACT: Richard Brooks, Chief Executive officer, Health Watch Holdings,+1-856-661-0700
