Full Press Release Details
IGAMBIT Announces Acquisition of
CyberCare Health Network, Inc.
Press Release: iGambit Inc. Thursday, April 6, 2017 2:30PM
SMITHTOWN, NY, April 7, 2017 Marketwired -- iGambit
Inc. (OTCQB: IGMB), announced that on April 6, 2017 it
acquired the CyberCare Health Network Division from
EncounterCare Solutions Inc. (ECSL). Under the terms of the
agreement iGambit, bought certain assets of EncounterCare.
Payment was made in the form of IGMB stock.
CyberCare will operate as a division of the recently acquired
HubCentrix Company, whose new name is HealthDatix, Inc.
A copy of the Form 8-K report may be accessed at
The acquisition of HubCentrix and the CyberCare Health
Network Chronic Care Management System provides a new and
unique opportunity for physicians to identify patients eligible for
both Annual Wellness Visits as well as Chronic Care
Management both of which are reimbursed by Medicare.
The goal of HealthDatix will be to identify the patient s
eligibility for Medicare reimbursed doctor visits to access and
assist in the well-being and cultivation of a healthy lifestyle.
Additionally HealthDatix is able to provide an FDA approved,
Medicare covered platform, for continuous management of
chronic care patients. Our continuous care platform will be
tailored for individual care and health management of patients
susceptible to chronic illness.
The HealthDatix platform is designed to accumulate
information from any TeleMedicine or wearable device.
This includes CyberCare s own wearable medical watch, a
wearable device under development, that will continuously
collect and trend data.
Key Health Parameters:
SPO2 (Oxygenation of blood)
Key Cardiac Function ( Mini-ECG )
Different than other devices on the market:
Patented Instrumentation
Designed to provide data directly to a health care provider
through HealthDatix solution,
Share real-time information with health care providers and
Provides better, and earlier, identification of patient health
issues and treatment compliance
The completed wearable, when paired with the CyberCare
Health Network Chronic Care Management System, will
become part of the FDA approved chronic care management
John Salerno, Chairman of iGambit,: As I previously stated
we are very pleased to have this new business opportunity which
we believe will increase our stockholders value. Our
management team and advisors are very accomplished at
introducing and administering rapid growth technology services.
We anticipate that our exciting newly combined entity
HealthDatix, will have the professionals in place to competently
deal with the accelerated growth curve necessary to meet the
needs of physician community throughout the country.
Ronald Mills Sr., CEO of EncounterCare stated; I am very
pleased that we have been able to successfully complete this
deal with HealthDatix and iGambit.
management team led by Jerry Robinson, President, has put
together a very exciting program that I believe will benefit the
medical community and which, I also believe will bring
significant value to EncounterCare and our stockholders.
About iGambit Inc: iGambit (OTCBB: IGMB) is a fully
reporting publicly-held company. We are a company focused on
pursuing specific medical strategies and objectives. These
objectives have included, among others, the acquisition of
medical technology companies with strong growth potential
easily recognized in the public arena. We believe that the back-
ground of our management and of our Board of Directors in the
technology markets is a valuable resource that makes us a
desirable business partner. We expect to work to assume an
active role in the development and growth of the new company,
providing both strategic guidance and operational support. The
management of iGambit believes that it can leverage its
collective expertise to help position the combined company to
produce high-margin, recurring and predictable earnings and
generate long-term value for our stockholders. For more
information, please visit www.igambit.com. Information on our
web-site does not comprise a part of this press release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document and elsewhere by iGambit
are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
information includes, without limitation, the business outlook,
assessment of market conditions, anticipated financial and
operating results, strategies, future plans, contingencies and
contemplated transactions of the company. Such forward-
looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties and
other factors which may cause or contribute to actual results of
company operations, or the performance or achievements of the
company or industry results, to differ materially from those
expressed, or implied by the forward-looking statements. In
addition to any such risks, uncertainties and other factors
discussed elsewhere herein, risks, uncertainties and other
factors that could cause or contribute to actual results differing
materially from those expressed or implied for the forward-
looking statements include, but are not limited to fluctuations in
demand; changes to economic growth in the U.S. and U.S.
government policies and regulations, including, but not limited
to those affecting the medical fertility clinic industry. iGambit
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events