OREM, Utah, June 10, 2014 (GLOBE NEWSWIRE) -- ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management and wellness services for self-insured employers nationwide, today announced a contract with a large hospital network in Baton Rouge, LA to provide diabetic monitoring services and supplies. The initial deployment of the devices and supplies was accomplished through ActiveCare's relationship with RxBenefits.
"We are pleased to expand our relationship with RxBenefits by providing our diabetic management services to another RxBenefits' customer," stated David Derrick, CEO of ActiveCare. "We will provide our services and solutions to over 225 diabetic patients through the large hospital network. This deployment was completed in conjunction with our partner RxBenefits, who has been a key driver in our growth of members over the past few months. The relationship with RxBenefits has provided ActiveCare with over 1,700 diabetic members through 30 different employer groups. We expect that RxBenefits will continue to add new users to our real-time care programs in the near future. This contract combined with several others on the near horizon will drive strong growth in the second half of the year. We have spent the first 5 months of 2014 successfully positioning ourselves to close several new large contracts that will provide a significant increase in revenues and lead us to profitability in the near-term."
About RxBenefits, Inc.
As a progressive pharmacy trend management firm, RxBenefits employs innovative and highly-specialized expertise. RxBenefits' extensive, cross-industry experience enables us to provide strategic guidance and bottom line impact for organizations struggling to navigate the complexities of an inefficient and outdated healthcare marketplace. They have established a new path for employers, leading them to sustainable results with innovative healthcare and benefit solutions. Their market knowledge, technology and dedication to service combine to produce healthy results...for the broker...for the client...and for employers as a whole. To learn more about RxBenefits, Inc., visit their website at www.rxbenefits.com.
ActiveCare, Inc. provides patented diabetes and chronic disease management and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Utilizing state-of-the-art meters with embedded cellular technology, trained CareSpecialists can intervene in real-time and provide members with the support needed to control their disease 24 hours a day, every day. ActiveCare's solution is revolutionizing the way employers, individuals and their health plans monitor chronic disease. To learn more about ActiveCare please visit www.activecare.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, regulatory uncertainty and economic pressure on the healthcare industry in particular, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with assimilating our recent acquisitions. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
CONTACT: Company Contact: Bryan Dalton, Director of Market Strategies ActiveCare, Inc. (877) 862-5545 Investor Relations: Capital Markets Group (212) 398-3486
Released June 10, 2014