We believe the Regenetech acquisition is in line with our corporate strategy; and we will continue to seek out ways to stay at the forefront of health and medicine.
Burbank, CA (PRWEB) February 6, 2009
Healthcare of Today, Inc ("Healthcare of Today"), announces $100M acquisition of Regenetech, Inc ("Regenetech").
Regenetech, a Houston-based biotechnology company, has established a significant position as a world leader in adult stem technology. Initially it had licensed 13 patents from NASA for the expansion of adult stem cells in a simulated weightless environment. Through its research efforts, it now has several hundred patents and patent applications throughout the world.
Henry Jan, CEO of Healthcare of Today, says "Regenetech's work is astounding. We are thrilled to bring a leader in adult stem cell technology into the family of Healthcare of Today companies. Our mission has always been to provide the highest levels of healthcare to our clients, and a company whose passion is to do this through biotechnology is a natural fit for us."
The Regenetech acquisition is one of a series of major acquisitions made by the holding company recently. Last week Healthcare of Today announced that it had obtained Advanced Developers, a builder of resort-like senior facilities in production in Florida and South Carolina. Prior to that, the organization had entered into an agreement to acquire another $19.4M medical facility in Agoura Hills, California.
Jan says "We believe the Regenetech acquisition is in line with our corporate strategy; and we will continue to seek out ways to stay at the forefront of health and medicine."
Healthcare of Today, formed in May of 2008, is a holding company focused on acquiring and developing companies primarily within the healthcare industry. Through its subsidiaries, Healthcare of Today owns a variety of businesses including: nurse staffing, insurance, pharmaceuticals, residential care facilities for the elderly, assisted living facilities, skilled nursing facilities, senior communities, home healthcare services, senior fitness, real estate brokerage/relocation services, adult daycare, a private chef network, a culinary institute, healthcare information technology, nurse education, and biotechnology.
This announcement is not an offer to sell any Healthcare of Today securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934.
Healthcare of Today press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements will be found in the company's Registration Statement to be filed with the SEC.
For more information about this release or Healthcare of Today, please visit http://www.healthcareoftoday.com, or contact:
Tel: 1-866-963-2417 ext 802
lilly @ healthcareoftoday.com
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