(MENAFN Press) Point Roberts WA- March 5, 2013 ( www.investorideas.com newswire ) -- Investorideas.com, a leader in sector research for investors, issues an 8K filing alert for medical device company, Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK).
According to the filing : "On February 25, 2013, the Company signed a supply and services contract with Coventry Health Care, Inc., (NYSE: CVH) a diversified national insurer in the United States located in Bethesda, Maryland, which operates health plans, insurance companies, network rental and workers' compensation services companies.
Medical Alarm Concepts Holding, Inc. will become a provider of personal medical alarms for Coventry.
Under the terms of the agreement, Coventry Health Care, Inc. will offer the Company's MediPendant product and monthly monitoring services to subscribers of selected healthcare programs provided by Coventry. Additionally, the Company's MediPendant product has been, or may be, included in their dual demonstration programs (Medicare and Medicaid) related contracts on which Coventry Health Care, Inc. may bid.
The Company is expecting this contract to generate growth in revenue and earnings. As a result of gaining the contract, the Company plans to expand its business operations in the areas of manufacturing, financial management, research & development, and logistics."
Full news: http://www.investorideas.com/news/2013/biotech/03041.asp
Additional information on the MediPendant can be viewed at www.MediPendant.com.