Lusora Healthcare Systems Inc. (LHCS.OB) reported recently that subject to final agreement and due diligence, it will acquire AHS of Austin, Texas. AHS is the leading PERS (Personal Emergency Response System) company in the State of Texas.
The acquisition comprises three companies under the AHS banner — Associated Home Services, AE Medical Alert and Z-Tech. Both Associated Home Services and AE Medical Alert are retailers of Personal Emergency Response Systems through a network of more than 40 independent distributors in the State of Texas.
Their customers range from private paying customers to the State of Texas government program for Medicaid. Associated Home Services also operates a full service monitoring center in Midland, Texas which supports their vast network of customers.
Also included in the acquisition is Z-Tech, a manufacturer and wholesaler of Personal Response Medical Alarms, medication dispensers and home health care solutions for individuals, and providers caring for the at-home elderly and disabled.
Lusora will retain the current employees of AHS, including current President, Mr. Bobby Zugg, who will continue in that role in addition to taking on an executive position with Lusora Healthcare Systems Inc. Upon completion, AHS will be a wholly owned subsidiary of Lusora Healthcare Systems Inc. The deal is expected to close within 90 days.
Lusora Healthcare Systems Inc. is a Featured Company of RedChip Companies.
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