Net Medical Xpress Solutions, Inc. completed the acquisition of MedTel Solutions, LLC from two founders of MedTel for $0.34 million.
July 01, 2013 at 05:00 am
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Net Medical Xpress Solutions, Inc. (OTCPK:NMXS) signed a letter of intent to acquire MedTel Solutions, LLC from two founders of MedTel on May 22, 2013. Post acquisition, the new division will operate as Net Medical Xpress Staffing. The transaction is expected to close by June 30, 2013. Frank Hawkins of Hawk Associates acted as investor relations advisor.
Net Medical Xpress Solutions, Inc. (OTCPK:NMXS) signed a merger agreement to acquire MedTel Solutions, LLC from two founders of MedTel June 28, 2013.
Net Medical Xpress Solutions, Inc. (OTCPK:NMXS) completed the acquisition of MedTel Solutions, LLC from two founders of MedTel for $0.34 million on July 1, 2013. As a part of consideration, NMXS will issue 3 million shares. NMXS also entered into emplyment agreement with founders. The deal is expected to be immediately accretive to net income. As of September 30, 2013, 3 million shares to MedTel, were unissued.
Net Medical Xpress Solutions, Inc. is a provider of solutions for the telemedicine industry. The Company recruits and maintains a cadre of telemedicine physicians, which it provides to the industry, together with its own software that links electronic medical records while facilitating state-of-the-art conferencing and communications. The Company also offer a call center, hardware implementations, staffing and recruiting operations, diagnostic and clinical services, and advanced software research and development capabilities. All of these product and service offerings are in support of, and integrated with, its physician services revenues. In addition to its core system, which it uses to build a customized telemedicine management system for clients. It has engineered and developed various hardware products, which it offers to the Companyâs customers. It also offers medical laboratory services.