BREAKING NEWS on TRHL
True Health (TRHL) Signs Landmark Deal With Spectrum Care; Becomes Preferr=
ed Provider To Consortium of 130+ Nursing Homes...
BECKENHAM, England---PRNewswire-FirstCall---True Health, Inc., (OTC Bullet=
in Board: TRHL) a leader in healthcare recruitment and pressure relieving =
systems, announced today that it has been selected as the Preferred Provid=
er in three product categories for Spectrum Care Ltd., a first-of-its kind=
buying consortium made up of a growing number of nursing homes across the=
U.K. This agreement creates efficiencies in marketing for True Health and=
an improved purchasing position for Spectrum, reducing the cost of the Co=
mpany's products for buyers while improving True Health's margins and sale=
s channels.
Spectrum Care is a recently formed consortium that consolidates the buying=
power of individual nursing homes across the U.K. and currently has over =
130 homes in its network. The consortium is a unique purchasing initiative=
for the U.K. nursing home market. Spectrum Care has reached preferred pur=
chasing agreements with a wide range of suppliers for various goods and se=
rvices.
Following careful evaluation, Spectrum has chosen True Health as its prefe=
rred provider in three product categories: Pressure Area Care Products, Pa=
tient Moving and Handling Equipment, and Nursing Home Beds. Nursing homes =
in the Spectrum Care network will be offered True Health products in these=
categories at discounted prices and on preferred payment terms. True Heal=
th receives access to all 130 nursing homes and has embarked on a joint ma=
rketing initiative with Spectrum including a co-branded catalog and joint =
sales ventures.
"We are very excited about our arrangement with Spectrum. It allows us to =
offer lower prices to nursing home customers so that those care centers ca=
n apply their savings towards improved direct patient care," stated True H=
ealth CEO, Mr. David Frances. "It also creates improved marketing and sale=
s economics for us, allowing our sales team to focus on the cornerstones o=
f our growth strategy: larger contracts, and the roll out of new products =
and services."
About True Health, Inc.
True Health, through its wholly owned subsidiary, Westmeria Healthcare Lim=
ited, is a full service specialist, medical equipment and medical professi=
onal supplier to the healthcare industry. Its primary clients are Great Br=
itain's National Health Service (NHS) and the private Nursing Home Industr=
y. True Health delivers recruitment services to the NHS; specializing in t=
he provision of locum radiographers and nurses. Its core business is suppl=
ying proprietary branded specialist pressure relieving equipment for the h=
ealthcare sector. The branded products are manufactured and licensed for t=
he company in Germany, Belgium and Taiwan.
The statements contained in this news release that are not historical fact=
s may be statements regarding the Company's future that involve risks and =
uncertainties which could cause actual results to differ materially from t=
hose currently anticipated. For example, statements that describe the Comp=
any's hopes, plans, objectives, goals, intentions or expectations are all =
forward looking statements. Any such statements made herein about the Comp=
any's future are only made as of the date of this news release. Numerous f=
actors, many of which are beyond the Company's control, may affect actual =
results. The Company undertakes no obligation to publicly update such forw=
ard-looking statements to reflect subsequent events or circumstances.
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