Unity Management Group Inc. Enters Into a Letter of Intent to Acquire Metropolitan Computing Corp. (MCC Legacy Products)
JUL 29, 2010 - 09:00 ET
MIAMI, FL--(Marketwire - July 29, 2010) - Unity Management Group Inc. (
Unity Management Group Inc. (UMGI) (
The closing of the transaction is subject to customary closing conditions, including MCC Legacy Products shareholder approval and securing satisfactory legal and operational due diligence by both companies. MCC Legacy and UMGI have Thirty days to complete due diligence and agree to close the merger within the following thirty days, unless both parties mutually agree to extend the closing date for the purposes of receiving required shareholder approval. If the conditions to be satisfied are not fully met in a timely fashion, the merger contemplated by the LOI may not occur.
"We are pleased at the prospect of acquiring MCC Legacy, and to continue to deliver on the latest services and products to the medical and healthcare industry," said Michael Oliver, Vice President, UMGI. "Furthermore, we believe our combined knowledge, experience and product portfolio will offer significant market value."
MCC and UMGI will provide additional updates regarding their participation at www.mcc-online.com, and via its corporate website at www.unitymanagementgroup.com.
About MCC:
For the past 25 years MCC has penetrated this difficult market and proven itself a worthy vendor to the industry by designing robust products to assist the industry in its efforts to gather rapidly streaming data and maintain critical tight production tolerances. Anticipating an increase in regulatory scrutiny, the company will only become more valuable to an industry within which it has and continues to do business with the following firms: Pfizer, Merck, Bristol Meyers, Amgen, Bend Research, Purdue Pharma, Hoffman LaRoche, ISP, Boeringer Ingelheim , Exelixix, Watson Labs, Aqualon, Astra Zeneca, Schering-Ploughs, Novartis, Abbot Labs, JCMCO, Mendel company, Cobalt Pharma, Medelpharm, Patheon, Sanofi-Aventis, Barr Labs, Covidien Pharma, Forest labs, Azopharma, and Genzymebecome.
About Unity Management Group Inc.
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: United Healthcare Solutions Inc. Unity Technologies Inc., and United Business Services Inc.
The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPPA compliance, marketing, and unique solutions for practice start-ups and new practices.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physician's offices and hospitals.
United Healthcare Solutions, a national company based in Nevada, is a healthcare company will be providing medical, vision and dental discount plans, as well as PPO and HMO networks.
The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group stated, "Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today's physician offices and hospitals and we expect unpatrolled growth in the near future."
We feel that this is one more important step in the longevity and the growth of the company. For more information please go to our website which can be found at www.unitymanagementgroup.com
Share structure:
100,000,000 million authorized
87,035,620 million issued and outstanding
42,439,460 million float
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Unity Management Group Inc.
For more information, please visit our website at (www.unitymanagementgroup.com)
or contact our office at 954-531-0387
Unity Management Group Locations:
15325 N.W. 60th Avenue
Suite #101
Miami Lakes, Florida 33014
1348 East Hillsboro Blvd.
Deerfield Beach, Florida 33441
