Published On: Thu, Feb 16th, 2017

Southern Home Medical Inc (OTCMKTS:SHOM) Looks To Enter New Emerging Markets

Southern Home Medical Inc (OTCMKTS:SHOM) has acquired a total of 11 AAA cooperative hospitals, under an agreement of mutual collaboration, with Medical Treasure. A statement from the company pointed out that the move would help them expand their footprint into broader markets and create new opportunities as well. It should be noted here that SHOM signed the agreement with MT to further innovate the healthcare servicing industry.

The CEO of Southern Home, George Chang, expressed his excitement at the new partnership and claimed that this represented a more focused approach, by the company. He further reaffirmed their commitment to expand into other healthcare markets, across the U.S. and internationally. Mr. Chang was also of the view that their collaboration would benefit both parties, with the expansion of technologies and patient members. He further stated that the partnership would help SHOM grow economically.

MT has a platform model, which allows clinics and doctors to collaborate with patients. Moreover, the company also offers on-site treatment services, as well as health subscription services and home care nursing, amongst other services. Currently, the platform is said to have around 400,000 subscribers for their services. In addition to this, MT also provides services to third-party enterprises, in the form of precision marketing of their products.

The agreement comes soon after Southern Home announced its plans to enter into the field of precision medicine. The company claimed that the new market is worth several hundred billion dollars. Moreover, SHOM was also reported to have gained support of the government and other sources, to pursue these plans. This support is said to be in the form of the government’s ‘Precision Medicine Initiative’ and some assistance from Dr. Zhongzheng Liu, a renowned name in the field of precision medicine. The company hopes that this support would help it easily enter the new emerging market.

Southern Home Medical Inc (OTCMKTS:SHOM) had a trade volume of 561.56 million and gained 63.64% in terms of its share value, during the February 15 trading session, to close at $0.0018 per share.

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