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MITD (MIT Holdings, Inc.)


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mitdMIT Holdings, Inc. (MITD) is a Gerogia – based holding company operating in the Healthcare Industry via its three wholly owned subsidiaries to offer patients professional outpatient medical care.

Through the three subsidiaries, the company offers patients additional medical attention through an Ambulatory Center, Medical Equipment Delivery, Home Infusion Services, and distribution of wholesale pharmaceuticals  to patients and wholesalers in the U.S and internationally. However, MITD is actively pursuing the necessary approvals to import its pharmaceutical products into Brazil, Argentina, Costa Rica, the Bahamas, Haiti, and Dominican Republic as its pharmaceutical division has developed growth capabilities to generate over $100 million of gross annual sales.

Currently, the company is in Acquisition Negotiations with a leading U.S Private Duty-Care Services Company located in the South East that will provide additional assistance in the at-home needs of the elderly and homebound medical patients. Incidentally, MITD has taken additional steps for future acquisitions by Entering into a Funding Agreement with a private equity firm based in New York and Tokyo.

Furthermore, MITD will offer and market its services to over 5,400 medical facilities due to being Awarded a Contract by industry leader, Curaspan Health Group who connects providers, suppliers, and payers through a secure electronic patient transition network as patients move between levels of care.

 

Symbol: MITD  [ Current PPS: $0.215   Outstanding Shares: 28.9M   Float: 26.1M   – a/o March 12, 2014 ]

mitd chart

Website(s):  www.mitholdingsinc.com

 

Market

  • The Global Pharmaceutical Market is forecasted to reach $1.2 trillion in 2016 and $1.6 trillion by 2020.
  • According to a New Market Research by Research and Markets, North America is predicted to lead the pharmaceutical industry where the highest growth will be seen during 2013-2018.
  • A recent U.S Healthcare Industry Report predicts the nation’s Pharmaceutical Market value will climb from 2012’s $359 billion to $476 billion in 2020.
  • A medical market research report by Espicom details the U.S Medical Equipment Market is the world’s largest market with a 2012 market value of $120.4 billion
  • The Self-Care Medical Device Market, which includes at home blood pressure monitors, blood glucose monitors, heart rate monitors etc.), is projected to reach $17 billion by 2019.
  • North America held over 40%, the largest market share, in the Self-Care Medical Device Market.
  • Ambulatory Care refers to using medical technology to a wide range of medical procedures and treatments that do not require overnight hospitalization and save both time and money for the patient.
  • A 2010 medical study concluded approximately 17% of patients seeking care in a hospital emergency room could have been treated at an Ambulatory Center
  • Curaspan Health Group is an industry leader who has a 98% customer retention rate through its ten years of business and whose client base includes Johns Hopkins Health System, New York Presbyterian Health System, Medstar Health Systems, Dartmouth Hitchcock Alliance, and Sentara Healthcare System.

 

Recent News

  • One of MITD’s current clients, Amerigroup Commuity Care, has Extended its Contract with the company to include additional infusion, ambulatory, and perinatal services to assist a larger range of patients.

 

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