MIT Holding, Inc. (MITD)

MIT Holding, Inc. (MITD)
MIT Holding, Inc.
11835 West Olympic Boulevard
Suite 1235E
Los Angeles, CA 90064
Phone: (310) 312-6888
[email protected]
3370 N. Hayden Rd.
Suite 123-591
Scottsdale, AZ 85251
Phone: (480) 374-1336
[email protected]
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Key Highlights
DDSuccessful Corporate Reorganization
DDThree Profitable Operating Affiliates
DDApproved by 130+ Insurance Carriers
DDGrowing Portfolio of Contracts
DDTwo Primary Market Opportunities
MIT Holding (MITD) offers through its Portfolio of licenses, contractual
and affiliate agreements services and products currently including but
not limited to; compound pharmaceuticals, administer intravenous
infusions, medical management services, in home or ambulatory center
therapies and sells and rents home medical equipment.
In support of these core services, MITD provides expert accounting,
advisory and educational services to physicians, medical centers, hospitals, small and large businesses regarding the Affordable Care Act; offers
travel and transportation services of medically challenged patients for
medical needs and personal travel; and through its contracts is approved
to conduct and administer FDA clinical trials.
Collectively, these services contribute to MITD’s strategy to provide
custom prescription solutions in a variety of methods and generate
multiple revenue streams. Following a successful reorganization initiative in January, 2014, MITD is positioned to achieve 32% minimum
net profits and has maintained profitability in its fiscal second and third
quarters. This profitability validates the company’s business model and
its approach to the evolving Affordable Health Care Act and its impact
on the health services industry.
MITD meets and/or exceeds major U.S. health insurance requirements
and is therefore able to direct bill and receive payments from carriers
on behalf of the patient its agents and its facilitators. This ability marks
an important step in the company’s goal of developing the first-of-itskind seamless transition for patient needs from hospital discharge to
complete home recovery. This and other corporate initiatives are spearheaded by a management team committed to building shareholder
value, revenues and corporate expansion while providing viable solutions to the perpetual changes in the health care sector.
Portfolio of Services
Providing custom compound
pharmaceutical solutions through a variety
of methods designed to improve the lives
of patients with specific needs.
Offering patients professional outpatient
medical care through an ambulatory center,
home infusion services, and medical
equipment delivery.
Striving to provide a wide variety of home
medical supplies through durable medical
equipment agreements that are fully
accredited with Medicare and over 130
insurance carriers.
Top 6 Investment
1. On June 30, 2014, MITD reported its first profitable quarter in six
years with all activities operating with objectives of a 32% net profit.
Beginning January 1, 2014, revenues met the requirement of an average net of 32%. Future contracts, sales and services will be priced
and marketed at the 32% standard.
2. Curaspan Health Group has awarded two contracts to MITD:
“Accessing the Central Network for Patient Transitions” and “Renewed
Annual Referral Central Network for Patient Transitions.” These contracts allow MITD and its future acquisitions to market on a real-time
basis the compound pharmaceuticals, infusion services and durable medical equipment directly to the patients of more than 5,400
Curaspan medical facilities.
3. Coastal Carolina Medical Center has engaged MITD for initial in-hospital treatments of patients. These services will then expand in scope
and medications. The average treatment per patient is expected to
bill at an average of $923 per treatment.
4. AMGP Georgia Managed Care Company, Inc., the Georgia subsidiary of WellPoint Health Networks Insurance (NYSE: WLP), the largest
member managed care company in the United States, revised a
“Participating Provider Agreement” to include ambulatory, infusion
and perinatal services. They serve members in the Georgia Families
Programs, such as Medicaid and PeachCare for Kids.
5. MITD is approved by more than 130 insurance carriers for payment
of medical goods and services.
6. The company has been awarded a contract to coordinate, conduct and administer FDA clinical trials for SERRG Savannah Inc., a
multi-specialty research organization. This contract provides for an
open and ongoing agreement for additional trials.
Outpatient Care
The healthcare facilities industry continues to outperform the stock
market as a whole and many experts expect this trend to continue due
to the greater longevity of U.S. and worldwide populations.
More and more people are being discharged earlier from hospitals in
order to reduce the cost of hospital care. These people need continued
outpatient care, and MITD is positioned to meet this need with ambulatory infusion therapy, home infusion therapy and various products
including walkers, wheelchairs and respiratory equipment. In addition,
MITD will handle billing and and interact on behalf of the patient with
their insurance carrier, thereby providing a complete “one stop” service for customers.
Baby Boomer Generation
The company is also positioned to benefit from the increasing number of
Baby Boomers entering retirement and their increasing medical needs.
The Baby Boomer generation of roughly 73 million Americans accounts
for about 40% of all U.S. spending, according to the Centers for Disease
Control (CDC).
Approximately 10,000 Baby Boomers turn 65 each day – a demographical progression expected to continue at the same pace throughout the
next 19 years. As the Baby Boomer population ages, MITD is presented
with growing opportunity to provide its services to a rapidly growing
Tommy J. Duncan
President, Director
Tommy J. Duncan in January, 2015, joined MIT Holding as president
and director. Duncan’s management experience includes serving as
president at Southeast Vending LLC as well as president of Southeast
Lumber & Construction, Inc. for which he successfully executed numerous mergers and acquisitions and was responsible for identifying and
securing financing from multiple funding sources.
During his tenures as secretary and treasurer at both Auto Locators,
Inc. and Custom Locators USA, Inc., Duncan demonstrated his ability
to identify talented management and appoint selected individuals to
key positions to sufficiently accommodate corporate expansion. His
prior experience also includes serving on the board of directors at CNB
Bancorp, Inc. (Windsor, Virginia).
Robert L. Yates
Robert L. Yates in 2008 joined MIT Holding as controller. Yates relocated
to Savannah, Georgia, in 2006 and, after a brief retirement, decided to
rejoin the workforce. Since 1987, Yates has served as controller or chief
financial officer in small-to-medium size firms in Northern California.
Yates received his accounting degree from San Jose State University in
1978 and gained his accounting and auditing experience with Arthur
Young & Co. in San Jose, California. He obtained his license as a Certified
Public Accountant (CPA) in 1980. Yates is a veteran who served in the
U.S. Air Force in the Vietnam era.
Walter H.C. Drakeford
Chairman of the Board of Directors
Walter H.C. Drakeford in 2010 joined MIT Holding as chairman of the
board of directors. His stellar career includes being the senior managing
director of Drakeford & Drakeford for the past 20 years. Since 2007,
he has been the director of mergers and acquisitions of AMC Global
Communications, Inc.
Drakeford served as chairman of the board for Ebank Financial Services,
served on the boards of Netstar-USA Corp. and LaidLaw Transportation,
as well as serving as an attaché to the White House under presidents
Nixon, Reagan and George H.W. Bush. Drakeford holds a finance degree
from the University of Berlin and a Masters of Business Administration
from Heed University. He also holds a law degree from Thomas Jefferson
School of Law.
For more information, please contact:
3370 N. Hayden Rd.
Suite 123-591
Scottsdale, AZ 85251
[email protected]
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