BREAKING NEWS on TRHL
True Health (TRHL) Signs Landmark Deal With Spectrum Care; Becomes Preferred Provider To Consortium of 130+ Nursing Homes...
BECKENHAM, England---PRNewswire-FirstCall---True Health, Inc., (OTC Bulletin Board: TRHL) a leader in healthcare recruitment and pressure relieving systems, announced today that it has been selected as the Preferred Provider 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 Company's products for buyers while improving True Health's margins and sales 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 purchasing agreements with a wide range of suppliers for various goods and services.
Following careful evaluation, Spectrum has chosen True Health as its preferred provider in three product categories: Pressure Area Care Products, Patient 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 Health receives access to all 130 nursing homes and has embarked on a joint marketing 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 can apply their savings towards improved direct patient care," stated True Health CEO, Mr. David Frances. "It also creates improved marketing and sales economics for us, allowing our sales team to focus on the cornerstones of 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 Limited, is a full service specialist, medical equipment and medical professional supplier to the healthcare industry. Its primary clients are Great Britain's National Health Service (NHS) and the private Nursing Home Industry. True Health delivers recruitment services to the NHS; specializing in the provision of locum radiographers and nurses. Its core business is supplying proprietary branded specialist pressure relieving equipment for the healthcare sector. The branded products are manufactured and licensed for the company in Germany, Belgium and Taiwan.
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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