Patient Home Monitoring Corp.
TSX VENTURE : PHM

May 21, 2015 09:00 ET

Patient Home Monitoring Corp. (PHM) Announces Selection of Apacheta Corporation as Mobile Workforce Management Solution

LOS ANGELES, CALIFORNIA--(Marketwired - May 21, 2015) -

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Patient Home Monitoring (PHM) (TSX VENTURE:PHM), a profitable and fast growing company focused on rolling-up annuity-based healthcare service companies in the U.S. and Canada, announced it will be contracting with Apacheta Corporation (Apacheta), a leading provider of mobile delivery management solutions, to implement their next generation tablet-based solutions to help optimize delivery of home medical equipment to PHM's patients at every level.

Through upcoming acquisitions, PHM is preparing to offer additional services and products to over 300,000 patients. To make the operational process as efficient as possible, the company will roll out Apacheta's mobile delivery management solution to gain real-time visibility of its expanding delivery and technical workforce. This comprehensive cloud-based solution includes Apacheta's TransportACE mobile delivery application and Transport Manager scheduling and dispatch system, which allows transport managers to remain better informed as to truck locations and delivery status, as well as to track key operational metrics such as exceptions, stops made and time spent per stop.

"Our goal is to leverage best-in-class technology to drive down operational costs, reduce order-to-cash cycles, and increase our compliance with payors in this highly regulated environment," said Jess Cuthbert, COO for Patient Home Monitoring.

"By partnering with Apacheta we can streamline our operations to reach new levels of efficiency. We expect to see an increase in our profit margins due to this upgraded system immediately."

About PHM

The explosive growth in the number of elderly patients in the US healthcare market is creating pressure to provide more efficient delivery systems. Healthcare providers, such as hospitals, physicians and pharmacies, are seeking partners that can offer a range of products and services that improve outcomes, reduce hospital readmissions, and help control costs. PHM fills this need by delivering a growing number of specialized products and services to achieve these goals. PHM is a positive cash flow and profitable company that serves patients with heart disease and other chronic health conditions, this operation is a platform for acquisitions and organic growth. PHM is focused on a highly fragmented and developing market of small privately-held companies servicing chronically ill patients with multiple disease states caused mainly by age and obesity. Because of the new and highly fragmented nature of the market, PHM is actively working to identify and evaluate profitable, annuity-based companies to acquire their patient databases and technical expertise at favorable prices. PHM's post acquisition organic growth strategy is to increase annual revenue per patient by offering multiple services to the same patient, consolidating the patient's services and making life easier for the patient. The expected result is growing EPS with each acquisition and growing revenue and profits from the cross selling efforts.

About Apacheta Corporation

Apacheta Corporation provides mobile workforce management solutions that bring best-practice workflows to medical logistics, transportation, consumer packaged goods, and field service businesses. Apacheta solutions improve customer satisfaction, reduce costs, and increase revenue with next-generation mobile applications that run on Android, iOS, and Windows Mobile tablets, smartphones and rugged devices to streamline delivery, sales and service operations. Apacheta software is the foundation for mission-critical mobile applications for Dr. Pepper Snapple Group, Bimbo Bakeries USA, United Rentals and many others. For more information, visit www.apacheta.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of PHM and anticipated events or results, are assumptions based on beliefs of PHM's senior management as well as information currently available to it. While these assumptions were considered reasonable by PHM at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue acquisitions, the ability of PHM to close acquisitions and effectively integrate such acquisitions, decline of reimbursement rates, dependence on few payors, possible new drug discoveries, a novel business model, dependence on key suppliers, granting of permits and licenses in a highly regulated business, competition, difficulty integrating newly acquired businesses, low profit market segments as well as general economic, market and business conditions, and could differ materially from what is currently expected. There can be no assurance that forward-looking statements will prove to be accurate. The forward-looking statements contained herein are presented for the purposes of assisting investors in understanding PHM's plan, objectives and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements.

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