HemCare Health Services to Acquire Access to National Insurance Providers through Strategic Acquisition

TAMPA, Fla., Sep. 3, 2015. OTC, HCRE, /PRNewswire/ HemCare Health Services, Inc. (OTC; HCRE) – HemCare Health Services has signed a binding letter of intent to acquire 95% of John Isaac Delgado, M.D., P.A. The acquisition will provide HemCare with access to over 200 insurance agreements from various national PPO and HMO insurance providers.  The concept is referred to as a single member EIN, and is very common with large multi-location medical offices. HemCare s CEO James Cao commented Many insurance providers no longer offer open registration to new medical clinics.  This purchase will permit every new HemCare clinic opened in the United States the ability to immediately accept and bill those insurance providers for services rendered.  This is accomplished through a Management Services Organization agreement with each new HemCare franchise location. On May 19, 2015 the Company announced it had licensed the perpetual rights to use Ultroid Marketing Development Corp s products and
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