Wizzard Software Moves Forward With Acquisition of Interim Health Care of Wyoming
PITTSBURGH - Wizzard Software is in the final stages of its document preparation and due diligence review to acquire the assets of Interim Health Care of Wyoming, a home health care franchise agency, for its MedivoxRx Technologies subsidiary. Based in Casper, Wyoming, Interim Health Care of Wyoming (Interim) is part of the home health segment of the healthcare industry and provides a range of visiting nurse services to the elderly, wounded and sick.
Interim Health Care of Wyoming has been in business for 12 years and is one of the 300 home health agencies that comprise Interim Health Care.
Over the next 18 months, Wizzard plans to acquire several more home health agencies to complement their speech and talking pill bottle products.
As the transaction has been moving ahead, Interim has been implementing their plans to penetrate the telemedicine field. Current owner of Interim Health Care, Brenda Mosher, states that their progress in that area is proceeding more successfully than they anticipated. Telemedicine is defined by the U.S. Food and Drug Administration as the delivery and provision of healthcare and consultative services to individual patients and the transmission of information related to care, over distance, using telecommunications technologies. Telemedicine incorporates direct clinical, preventive, diagnostic, and therapeutic services and treatment; consultative and follow-up services; remote monitoring of patients; rehabilitative services; and patient education.
According to a report released by Frost and Sullivan this week, the growth of telemedicine systems in the United States is driven by the aging population, complemented by the shortage of physicians and nurses to attend the patients. According to the U.S. Administration on Aging, by 2030, there will be about 71.5 million older persons, more than twice their number in 2000.