SOURCE: SK3 Group, Inc.

March 16, 2010 09:34 ET

SK3 Group's Hospice Subsidiary Expands Across Southern California

MIAMI, FL--(Marketwire - March 16, 2010) - SK3 Group, Inc. (PINKSHEETS: SKTO) announces that Angels of the Valley Hospice Care (www.angelsofthevalleyhospice.com) now offers complete palliative services at its Artesia, California branch, the company's second location. This extends Angels of the Valley's hospice care coverage into Artesia, Long Beach, and Orange County. The original Montrose location currently offers care to patients across the greater Los Angeles area. 

The hospice industry is predicted to grow favorably in the coming years as more patients use the service, and experience longer stays. This growth is the result of a number of factors, including a rising public awareness of the service, which allows patients to focus on comfort and quality of life, rather than curative treatments, supported by an interdisciplinary team of professionals. Hospice is an attractive option for patients because charges per day are substantially lower than hospitals and skilled nursing facilities. A recent report published by the Department of Health and Human Services indicates that reimbursement rates for Medicare and Medicaid hospice patients will increase as of January 2010. Labor statistics further support the growth of the industry: since April 2009, the demand for professionals in the hospice industry has increased by 314%, despite the economic recession. 

About SK3 Group, Inc.

SK3 Group markets preferred medical services through its facilitation and offers a range of services in the healthcare industry. Its mission of offering comprehensive healthcare services is embodied in its three companies: Nurses Online, Angels of the Valley Hospice Care, and Medical Billing Specialist. In addition to offering the most valued healthcare services in the industry today, including hospice care, the company explores opportunities in supportive healthcare business services. Corporate information can be found at http://www.sk3groupinc.com.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

  • Contact:
    SK3 Group, Inc.
    Peter Bell, President
    Tel: (760) 268-9611
    Email Contact