Our new pick is MHCC – Millennium Healthcare
Good Morning Readers And Welcome New Subscribers!
Did you happen to catch our report last night on MHCC?
If not, no worries, we have included it below but first lets take a look at a Press Release from this morning.
Just this morning, MHCC announced that through the continued expansion of its distribution network in 2014 and its outlook for 2015 and through its expanding pipeline of new, innovative, and non-invasive medical devices focused on preventative care and early detection, the Company is well positioned to become a leading distributor for not only primary care physicians but also for other growing healthcare segments, such as the growing number of primary care physicians moving into the urgent care industry.
According to research by A.T. Kearney in “Medical Devices: Equipped for the Future?”, the cash value generation potential in the medical device industry could potentially grow to a $34B by 2020.
Chris Amandola, Millennium’s President, stated, “Millennium is well positioned to become a leader in the medical device industry.
Management is also looking to deliver our products and services to new markets, such as the growing number of primary care physicians moving into the urgent care market, which is a market is currently estimated at $17 billion.
We believe Millennium has been built on a solid foundation and is positioned to move with future industry shifts, maintaining the company’s potential to continue to grow well into the future.”
MHCC has a last price just under .05c a share with a 52 week high of .74c
MHCC has been heating up lately and a steady increase of volume with the share price remaining pretty flat for the past few months. We believe this could be a sign of whats to come.
First things first, let us hit you with this little piece of information. MHCC had over 8M in revenues in 2014. No, I didn’t studder, 8.341M in revenues in 2014. In 2013 MHCC had 1.987M and in 2012 1.686M in revenues.
That’s over a 300% increase in revenue from 2013 to 2014 for this nickel priced company.
MHCC is a healthcare services and medical device distribution company.
Their web site can be seen here.
MHCC through its wholly owned operating subsidiaries, provides primary care physician practices, physician groups and healthcare facilities of all sizes with cutting-edge medical devices focused primarily on preventive care through early detection. The Company also provides advanced billing and coding services, and practice development and management services.
MHCC products & services:
Even though the “BrushTest” is used in your mouth it has nothing to do with teeth. The OralCDx BrushTest is a virtually painless way for a dentist or physician to test common oral spots (subtle red or white spots) that may appear in your mouth from time to time. The special brush has tiny bristles that collect cells as the tool is applied and rotated on the oral spot. It can be used anywhere in the mouth.
Once the cells have been collected, the specimen is sent to CDx Diagnostics. It’s the only lab in the world that can process the sample. World class pathologists using sophisticated computer technology help doctors determine the cause of the common oral spot while making sure that the abnormality is not precancer or cancer. OralCDx can also help the clinician decide if a scalpel biopsy is necessary to investigate the area further
Skin cancer biopsy test
Designed to analyze the autonomic nervous system function, stress and peripheral blood circulation. It provides objective data to help assess disorder such as depression, anxiety, sleep disorder, poor concentration, mentel/physical stress degree, chronic fatigue and blood circulation.
•Live Answering 24/7
•Call Overflow Management
•Confidential Call Recording
•Voice Mail Services and Screening
•Archive Message Services
•On Call Update Management
Coding and billing
•Concurrent and Retrospective CDI Reviews
•DRG Validation Reviews
•Secure Remote or On-site Coding
•DRG Reassignment Appeals
•Physician/PAs/NPs Documentation Education
•Coding Staff Education
•ICD-10 CM and PCS Training
On May 7 2015 MHCC issues a shareholder update.
Millennium Healthcare Inc. as an early stage emerging growth company in the medical device industry and is rapidly becoming a sales innovator in bringing exclusive medical device technology to previously underserved or overlooked distribution channels. Millennium is fast developing a network of ACO’s (Accountable Care Organizations) and PHO’s (Physician Hospital Organizations) that have embraced the Company’s product offerings.
We would like to take a moment to update you as well as recap our performance over the last year and provide some insights into our future developments.
Millennium has been diligently focused on growing its business in the medical device industry. Our management team has been completely immersed in developing new distribution channels for our products and services. The third quarter of 2014 was the first full quarter where the Company executed its strategy of providing exclusive diagnostic devices to primary care physician groups. The third and fourth quarter 2014 sales of our OralCDx® and VasoScan™ diagnostic devices exceeded anticipated results.
Management believes that the current share price does not reflect the overall value of the enterprise. The Company has seen a dramatic increase in the amount of shares traded in its common stock. This increase in activity represents an increase in investor interest and shareholder diversity. In 2013 our Company’ shares traded on average approximately 31,665 shares per day. In 2014 our Company’s shares have traded on average approximately 247,454 shares per day. During 2015 our shares have currently traded on average approximately 600,000 shares per day. We feel that the increased liquidity of the Company’s stock is of great value to our shareholders and to the long-term performance of our common shares.
For the year-end 2013 our sales were $1.9M. For the year-end 2014 our sales increased to $8.34M. This represents approximately a 319% increase in sales.
This already extraordinary growth did not take into account fourth quarter 2014 device POs/Sales totaling $9.65M.
The Company was unable to recognize these sales in its overall annual 2014 revenues due to insufficient inventory as a result of undercapitalization. The Company anticipates being able to recognize and fulfill these orders during 2015. We continue to concentrate and focus on product training, implementation and certification, while increasing our receivable collections and capital raises to support our growth in 2015.
MHCC is doing big things and investors have been responding. Here are a few reason why you need to take a good hard look at MHCC tonight.
- Last price under .05c
- Return to 52 week high represents a 1400% gain!
- Revenues up 319% year over year
- Huge increase in average trading volume
- The US remains the largest medical device market in the world with a market size of around $110 B, and it is expected to reach $133 B by 2016.
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