Inform Worldwide Holdings, Inc. (IWWI.OB) Subsidiary’s Acquisition Target Enters Provider Agreement with Quality Health Plans
Inform Worldwide Holdings’ subsidiary, PrimaCare Corp., announced after the bell that its acquisition target, Medical Resources, signed a Comprehensive Provider Agreement with Quality Health Plans. As terms of the agreement, Medical Resources will provide medical services to members of Quality’s health plans.
Medical Resources, LLC is a privately held company which has provided medical services through approximately 30 medical clinics over the last four years. During the first six month of this year, the company had $65 million in revenues and $2.8 million in net income. PrimaCare expects a prompt acquisition of Medical Resources once financial statements are audited.
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