American Medical Alert System Device
Medical Alert System Device
American Medical Alert Corporation (NASDAQ: AMAC), a provider of healthcare communication services and advanced home health monitoring technologies, today announced the acquisition of the operating assets of Long Island Message Center, Inc. ("LIMC") by its HCI subsidiary. LIMC is a long standing, privately held telephone answering service (TAS) specializing in the provision of services to medical group practices and clinics. LIMC's service area includes Nassau and Suffolk Counties, thereby extending the customer base and geographic scope of H-LINK(R) OnCall, AMAC's TAS reporting segment.
Howard M. Siegel, Chief Executive Officer speaking on behalf of AMAC, commented, "LIMC is our fourth strategic acquisition designed to increase our market share in the healthcare communications business. AMAC's scalable communications infrastructure will allow LIMC customers to receive a host of value added services while establishing a stronger foothold for AMAC to market to the Long Island customer base. We have begun to migrate LIMC customers onto AMAC's advanced telephony platform and expect to complete such process during the next ninety (90) days to maximize efficiencies within our organization."
Lawrence Dowd, LIMC's President, stated, "We welcome the opportunity to become a meaningful contributor within the AMAC organization. With the improved suite of products and increased capacity now available through AMAC's H-LINK(R) On Call, we can offer a new level of advanced communications to existing customers while expanding our target market to groups not previously within our reach. This is an excellent opportunity for both companies and we look forward to maintaining positive momentum going forward."
About Long Island Message Center
Long Island Message Center (LIMC) is an independent, owner operated telephone answering service situated in Babylon, N.Y. Founded in the 1950's, the company's primary product is high quality, live operator telephone answering service solutions which permits the company to respond specifically to the unique telephone answering and call out requirements of each of its customers.
About American Medical Alert Corp.
AMAC is a national provider of remote health monitoring devices and 24/7 communication services designed to promote early medical intervention and improve quality of life for senior, disabled and chronically ill populations. AMAC's product and service offerings include Personal Emergency Response Systems (PERS), electronic medication reminder devices, disease management monitoring appliances and 24/7 medical on-call and emergency response monitoring. AMAC operates several National Medical On-Call and Communication Centers allowing access to trained response professionals 24/7.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "believe," "estimate," "anticipate," "continue," or similar terms, variations of those terms or the negative of those terms. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-KSB, the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases. These include uncertainties relating to government regulation, technological changes, our expansion plans and product liability risks.
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