Supurva Will Become the Second Largest Management Company of Onsite Dental Care in South Texas with 49 Facilities Under Contract
COVINGTON, LA / ACCESSWIRE / July 8, 2015 / Supurva Healthcare Group, Inc. (Formerly known as Lighthouse Petroleum, Inc.) (Supurva or the Company) (PINKSHEETS:SPRV), is pleased to announce today that the Company has formerly engaged in the execution of a letter of intent to acquire the assets of Telemend Medical, an onsite dental provider with business interests located in the Greater Houston Metropolitan area.
As owned and managed by Dr. Beth Rosellini, Telemend currently has service contracts with 35 skilled nursing and assisted living facilities in the Houston Metro area and an eleven-person staff, which includes two dentists.
D. Lee Rodger, CEO of Supurva Onsite Solutions, stated, "This is exciting news for the Dental Division of Supurva Healthcare Group, Inc. By completing the acquisition of Telemends assets, our company will be the second largest management company of onsite dental care in South Texas with a total of 49 facilities under contract. Additionally, with the acquisition of staff, we will be able to expand our capacity to provide high quality, comprehensive dental treatment to the residents in our existing facilities as well as new facilities as they come onboard."
About Supurva Healthcare Group, Inc.
Supurva Healthcare Group, Inc., a Delaware Corporation, is a healthcare holdings company based in Covington, LA. Supurva, through its wholly own subsidiary On Site Solutions, LLC, provides on-site healthcare for acute, subacute, and nursing facility residents / patients; specializing in dentistry, podiatry, optometry, and wound care. On Site Solutions, LLC currently has arrangements with 14 long term care facilities in Texas in its growing portfolio totaling roughly 1200 beds.
Forward Looking Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Supurva is a holdings company with limited experience in the healthcare industry. At the time of this release, Supurva lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards, Supurva would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list of risks is limited and additional risks not mentioned may apply such as: possible failure to meet Supurva's financial and contractual obligations, Supurva's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact:
Gerard Danos, Chairman & CEO
gdanos@supurvahealthcare.com
985-237-3701
SOURCE: Supurva Healthcare Group, Inc.
