UYMG – Unity Management Group – Three Subsidies that are Going to Rock the medical field.
We noticed UYMG few weeks back when they released the news about the merger and the symbol change. The price seems to be at the bottom of the chart and we want to give our members the early alerts. We dont expect UYMG to explode overnight, but we do expect medium long term growth. Of course with the increased exposure and the tight float any pressure will cause the share price to move accordingly. Please note, we will be profiling UYMG and expect some nice developments to unfold.
“The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, “Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today’s physician offices and hospitals and we expect unpatrolled growth in the near future.”
Outstanding shares: 447,036,620
Authorized shares: 500,000,000
Public Float: 41,649,460
Unity Auto Parts Completes Merger With Unity Management Group Inc. Corporate Profile and New Stock Symbol
MIAMI, FL — (Marketwire) — 01/21/10 –
Unity Management Group Inc. (PINKSHEETS: UYMG), a Health Resource Company specializing in Physician and Hospital Practice Management, Medical Discount Plans, Business Services, Billing Software and Technologies
Alex Berkovich, President of Unity Management Group Inc., a Nevada Company, announced that, pursuant to a Plan of Reorganization, entered in November 2009, the Company completed a consolidation with Unity Auto Parts, Inc., also a Nevada corporation, whereby the majority owners of United Healthcare Solutions acquired a majority ownership of Unity Auto Parts, Inc. The business of Unity Auto Parts was retained by former stockholders. As part of this transaction, the name of the parent Company, Unity Auto Parts, Inc., was changed to Unity Management Group, Inc. and United HealthCare became a wholly-owned subsidiary of Unity Auto Parts, which is continuing to organize its business to provide various services to the healthcare industry, including Physician, and Hospital Practice Management, Billing, Staffing, Medical Discount Plan, and PPO network
Mr. Berkovich also announced that the Company declared a 20 for 1 forward stock split, whereby stockholders received twenty shares of Common Stock for each share held by them. All approvals required by FINRA have been received and clearance to distribute the new shares of Common Stock to Shareholders was received from FINRA on January 15, 2010
The President concluded by saying that now that this restructuring had been completed, together with the name change and the forward split, the Company will move aggressively to implement its business objective, which is to launch its various programs to the medical industry, which, according to most observers, is in acute need of such services
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: United Healthcare Solutions, Unity Technologies Inc., and United Business Services
The first subsidy, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPAA compliance, marketing, and unique solutions for practice start-ups and new practices
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physician’s offices and hospitals
United Healthcare Solutions, a national company based in Nevada, is a healthcare company providing medical, vision and dental discount plans, as well as PPO and HMO networks
The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, “Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today’s physician offices and hospitals and we expect unpatrolled growth in the near future.”
