VERO BEACH, FL--(Marketwire -04/17/12)- Home Health International, Inc. (Pinksheets: HHII.PK - News) announced today that it will be implementing an aggressive growth strategy to expand outside of the Florida market to capitalize on the most significant health trend witnessed in the healthcare market recently, the shift of treatment from hospitals to the home. The Company is currently reviewing acquisition candidates primarily in the southern region of the U.S. and in California, but is not limiting its scope to the U.S. only.
According to Home Healthcare Market (Equipment, Service & Telehealth/Telemedicine) Current Trends, Opportunities & Global Forecasts to 2016 published by Reportlinker.com, "The home healthcare market is expected to grow at a CAGR of 7.7% from 2011 to 2016. This market is witnessing tremendous growth due to the rise in the aging population not only in the developed regions of the world but also in the developing countries. Awareness about the convenience and cost effectiveness offered by these equipment and services is also increasing the demand for this market. Asia displays a high CAGR owing to the rapidly increasing aging population in countries such as India, China, and Japan. Americas also maintains a stable growth mainly due to the reimbursements offered for specific equipment and the health policies of Medicaid and Medicare."
To learn more about Home Health International, please visit http://www.homehealthintl.com.
About Home Health International Inc.
Home Health International Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc. The Company received shareholder and board approval to amend its Articles of Incorporation to change its name to Home Health International Inc. This change was approved by FINRA and became effective on March 26, 2012.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Home Health International Inc. undertakes no obligation to update such statements.