Emerging Healthcare Solutions completes acquisition of “Dreams” telemedicine technology

Mar 27 2010

Emerging Healthcare Solutions, Inc. (Pink Sheets:EHSI) announced the Closing of its acquisition of the “Dreams” telemedicine technology today. The Company agreed to pay $800,000 to acquire the rights to this exciting medical communications technology.

The Company had earlier licensed certain rights to this technology but has now completed its due diligence and acquisition so that it will have complete control over the future development and direction of the Dreams system. The Dreams technology was originally developed under an $18 million dollar grant from the Department of Defense.

The Company believes that this technology will play an important role as a platform for introducing further medical communications tools that will allow patients to remotely connect with doctors and hospitals for diagnostic and treatment purposes. This allows for faster diagnosis and treatment while reducing medical costs. The Company expects the use of telemedicine to grow exponentially over the next five years as pressure continues to increase efficiency and reduce health care costs.

Emerging Healthcare Solutions focuses on enabling new potentially profitable medical technology to become a reality in an industry that includes Medtronic, Inc. (NYSE: MDT), Alcon, Inc. (NYSE: ALC), Quest Diagnostics, Inc. (NYSE: DGX) and Heartware International (NASDAQ: HTWR).