In the news release, Advanzeon Solutions, Inc.'s Wholly-Owned
Subsidiary Pharmacy Value Management Solutions, Inc. Strengthens
Marketing Position for Its Sleep Apnea Program By Signing Agreement
with CPAP Supply USA, LLC, issued
29-Dec-2014 by Advanzeon Solutions,
Inc. over PR Newswire, we are advised by the company that the
fourth paragraph, third sentence, should read "It is a philosophy
that we understand is shared with us by PVMS as well" rather than
"It is a philosophy that we understand is shared with us buy PVMS
as well" as originally issued inadvertently ("by" not "buy"). The
complete, corrected release follows:
Advanzeon Solutions, Inc.'s Wholly-Owned Subsidiary Pharmacy Value
Management Solutions, Inc. Strengthens Marketing Position for Its
Sleep Apnea Program By Signing Agreement with CPAP Supply USA, LLC
TAMPA, Fla., Dec. 29, 2014 /PRNewswire/ -- Advanzeon
Solutions, Inc. (OTC:BB:CHCR), ("Advanzeon" or the "Company"),
which provides behavioral health, wellness, pharmacy management
services and sleep apnea programs, to employers, Taft-Hartley
health and welfare funds, managed care companies throughout the
U.S. today announced that its wholly-owned subsidiary, Pharmacy
Value Management Solutions, Inc. ("PVMS"), has entered into an
agreement (the "Agreement") with CPAP Supply USA, LLC ("CPAP Supply USA"). The Agreement provides for, among
other things, "most-favored nation pricing," market protection and
complete, full-line product support. The Agreement is
effective immediately and marketing programs have already been put
in place for implementation.
Mark Heidt, President of
Advanzeon Solutions, Inc., stated, "The sleep apnea market is one
of the fastest growing markets in healthcare today. Globally,
sleep apnea diagnostic and therapeutic devices are projected to
grow to nearly $6.5 billion by 2019
due to an increase in home sleep tests and advancements in CPAP
machines. In this country alone, while diagnostics lag behind
reality, 17% of men and 9% of women are diagnosed with sleep
apnea. We, at Advanzeon, have a particular interest in how it
affects a large segment of our market – the Teamsters; and the men
and women who drive long hours in large commercial vehicles.
Forty-six percent (46%) of commercial drivers are believed to
suffer from sleep apnea. Testing is essential but generally
expensive. By entering into this relationship with CPAP
Supply USA, we, at Advanzeon, have
endeavored to create a structure that affords our members the best
services, the best equipment, the best diagnostics and literally,
the best of everything in the sleep apnea universe, at the most
affordable price. We are confident that our selection of CPAP
Supply USA further places us in
the lead position to accomplish that goal."
"We are also pleased to announce that in addition to being able
to supply our members with the right equipment and services at the
right price, we have commenced assembling a national network of
Department of Transportation certified medical examiners.
This program was started immediately following our entering into an
agreement with Dr. Jeff Liva (see
announcement dated September 29,
2014). This program is progressing nicely. There
is no ignoring the fact that sleep apnea exists and affects many
members of our society. We are proud of our ability to take
the lead in addressing the problem," concluded Mark Heidt.
CPAP Supply USA, stated, "We
are excited to enter into this new relationship with
PVMS. As the leading supplier of sleep apnea equipment
in the U.S., we are proud of our philosophy of providing the best
equipment and the best service at the most affordable prices.
It is a philosophy that we understand is shared with us by PVMS as
well. We look forward to a long and mutually beneficial
relationship with PVMS and its market."
About CPAP Supply USA,
LLC
Founded in October of 2004, CPAP Supply USA has become one of the nation's leading
distributors of CPAP and Bi-level machines, masks and
supplies. Over the years, CPAP Supply USA has expanded equipment choices to patients
and clients to include: CPAP comfort items, cleaning
supplies, pillows and more. CPAP Supply USA has maintained its focus on educating
patients, as well as providing them with the best sleep therapy
equipment at affordable prices.
About Advanzeon Solutions, Inc.
Established in 1969,
Advanzeon provides behavioral health, wellness, pharmacy management
and sleep apnea programs, for employers, Taft-Hartley health and
welfare Funds, and managed care companies throughout the United
States. Headquartered in Tampa,
Florida, the Company focuses on personalized attention,
flexibility, a commitment to high-quality services and innovative
approaches that address both the specific needs of clients and
changing healthcare industry demands. For more information,
please call 813-288-4808.
Forward-Looking Statements
Except for statements of
historical fact, the matters discussed in this press release are
forward looking and made pursuant to the Safe Harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect the current beliefs and
expectations of the Company's management, reflect numerous
assumptions, and are subject to significant risks and
uncertainties, many of which are beyond the Company's
control. If any of these underlying beliefs, expectations or
assumptions prove inaccurate or risks or uncertainties materialize,
actual results may differ materially from those set forth in the
forward-looking statements.
These risk factors include, among others, the ability of the
Company to maximize its market share with new pharmacy initiatives,
the ability of the Company's new pharmacy cost-savings program to
guarantee a 10% or more reduction in pharmacy costs, our ability to
achieve expected results from new business and to revolutionize the
pharmacy sector of the healthcare industry, the ability to obtain a
performance bond on satisfactory terms, the ability of the
Company's pharmacy program to promote greater medication adherence
without restricting access to needed medications, technological
advances, challenges in development of new products and services,
new products and services developed by competitors, the Company's
ability to provide superior patient care while increasing its
business and margins as a result of implementing its pharmacy
cost-savings program, general industry conditions and competition,
general economic factors, global trends toward health care cost
containment, the effect of governmental regulation, including
pharmaceutical industry regulation, insurance regulation and health
care legislation, varying trends in member pharmacy utilization,
increases or variations in cost of care, seasonality, our ability
to manage healthcare operating expenses, the profitability (if any)
from capitated pharmacy contracts or other products, and the
Company's ability to obtain additional financing.
Advanzeon undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Additional risk
factors that could cause results to differ materially from
those described in the forward-looking statements can be found in
the Company's most recent Annual Report on Form 10-K and the
Company's other filings with the Securities and Exchange Commission
(SEC), which are available at the SEC's website at
www.sec.gov.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/advanzeon-solutions-incs-wholly-owned-subsidiary-pharmacy-value-management-solutions-inc-strengthens-marketing-position-for-its-sleep-apnea-program-by-signing-agreement-with-cpap-supply-usa-llc-300014184.html
SOURCE Advanzeon Solutions, Inc.