SOURCE: DHS Holding, Co.

DHS Holding, Co.

August 10, 2011 08:30 ET

DHS Holding, Co. to Acquire Data Health Systems, Inc.

NASHVILLE, TN--(Marketwire - Aug 10, 2011) - DHS Holding, Co. (PINKSHEETS: DHSM) proudly announces that it plans on purchasing Data Health Systems, Inc. (www.datahealthsystems.com). In doing so, Data Health Systems would become a wholly owned subsidiary of DHS Holding, Co. The financial terms of the agreement are awaiting a certified valuation of Data Health Systems. However, DHS Holding, Co. will begin the transition to take over daily operations immediately.

This is the latest in a flurry of changes the company has made to expand as a promising new digital data holding company.

Gordon Getz, CEO of DHS Holding, Co., states that "This acquisition will become the backbone of our Company. Data Health Systems has developed a software application in place to audit Medicaid claims and to decipher whether or not there was existing coverage in place from another insurance company other than Medicaid to pay the claim.

This is a huge breakthrough in the fight against the broken down Medicaid system. Data Health Systems has the technology to completely and thoroughly audit Medicaid claims on a per state basis. Losses to related to Medicaid claims rank in the billions of dollars each year, and through Data Health Systems' proprietary software application, Data Health Systems has the ability to recover and prevent billions of dollars wrongfully paid out by Medicaid each year."

About DHS Holding, Co.

DHS Holding, Co.'s primary focus is to aggressively pursue mergers and acquisitions of companies with products and services in the most actively growing sectors of the healthcare industry. These include Cyber Security, Authentication and Identification, Specialty Medical Devices, Medical Banking and Electronic Funds Transfer (EFT)/Electronic Remittance Advice (ERA) and proprietary software solutions for healthcare payers and providers compatible with the healthcare reform movement's communication guidelines.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; lack of sufficient financing for opening new pharmacies; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    Gordon Getz
    CEO
    DHS Holding, Co.
    386 212-3616