Healthcare of Today Announces $100M Acquisition of Regenetech
Feb 12, 2009) Regenetech, a Houston
based biotechnology company, has established a significant
position as a world leader in adult stem technology. Initially it had licensed 13
patents from NASA for the expansion of
adult stem cells in a simulated weightless environment. Through its research efforts, it now has several hundred
patents and patent applications throughout the world.
Henry Jan, CEO of Healthcare of Today, says 'Rege
netech's work is astounding. We are thrilled to bring a leader in
adult stem cell technology into the family of Healthcare of Today companies. Our mission has always been to provide
the highest levels of healthcare to our clients, and a company whose passi
on is to do this through biotechnology is a
natural fit for us.'
The Regenetech acquisition is one of a series of major acquisitions made by the holding company recently. Last
week Healthcare of Today announced that it had obtained Advanced Developers, a
builder of resort
facilities in production in Florida and South Carolina. Prior to that, the organization had entered into an agreement to
acquire another $19.4M medical facility in Agoura Hills, California.
Jan says 'We believe the Regenetech
acquisition is in line with our corporate strategy; and we will continue to seek
out ways to stay at the forefront of health and medicine.'
Healthcare of Today, formed in May of 2008, is a holding company focused on acquiring and developing companies
marily within the healthcare industry. Through its subsidiaries, Healthcare of Today owns a variety of businesses
including: nurse staffing, insurance, pharmaceuticals, residential care facilities for the elderly, assisted living facilitie
g facilities, senior communities, home healthcare services, senior fitness, real estate
brokerage/relocation services, adult daycare, a private chef network, a culinary institute, healthcare information
technology, nurse education, and biotechnology.
announcement is not an offer to sell any Healthcare of Today securities. Offers for any given security are made
only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c)
or 14 of the Securities
Exchange Act of 1934.
Healthcare of Today press releases sometimes contain forward
looking statements. A description of factors that
could cause actual results to differ materially from the expectations expressed in these and other forward
nts will be found in the company's Registration Statement to be filed with the SEC.
For more information about this release or Healthcare of Today, please visit www.healthcareoftoday.com, or contact:
2417 ext 802