Bederra in preliminary discussions to acquire Home Healthcare Company

Jan 20 2010

Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas-based, diversified medical services provider announced today that it is in preliminary discussions to acquire a Home Healthcare Company.

Home Health Care is skilled nursing care and certain other health care services that you get in your home for the treatment of an illness or injury. With the aging of our population and the need to cut in-patient services at hospitals, Medicare and other insurers are directing more resources to Home Healthcare. Home healthcare agency staff provide and coordinate the care and/or therapy of the patient's doctor's orders and develop a written plan of care which includes services designed to improve and maintain physical, mental, and social well being.

The market for home health services is in excess of 65 billion dollars per year. An acquisition in this market sector of healthcare will complement the company's current planned acquisition of mobile diagnostic services.

Management stated that upon executing a binding letter of intent, the company would release further specifics of the potential acquisition.