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Net Medical Xpress Announces Acquisition of Telemedicine Staffing Company

Net Medical Xpress Announces Acquisition of Telemedicine Staffing Company

MedTel Solutions Signs Letter of Intent

Net Medical Xpress Solutions, Inc., a leader in the telemedicine market, has announced that the company has signed a letter of intent to acquire MedTel Solutions, a telemedicine staffing company based in Huntsville, AL. MedTel Solutions is a physician staffing agency that specializes in the staffing and recruitment of telemedicine physicians. Consideration for the acquisition will be announced upon completion of the final agreement, which is expected by June 30, 2013.

Dick Govatski, CEO, Net Medical, said, "We are excited about the additional capabilities our proposed acquisition of MedTel Solutions will bring to our growing array of telemedicine services. The new division will operate as Net Medical Xpress Staffing. This makes Net Medical a one solution company with technology, experience and staffing capabilities to meet any client's needs in the telemedicine environment."

Jason Sowash, CEO of MedTel Solutions, said, "These are exciting times for MedTel Solutions as we will merge the capabilities of two great telemedicine companies together. This new formation will provide Net Medical access to a national network of physicians. In addition, MedTel will continue to recruit not only primary care physicians, but expand its network to all medical specialties to meet the ever growing demand for physicians in the Telemedicine sector."

With the acquisition, Net Medical will operate four telemedicine units including: Net Medical Xpress Solutions, Inc. providing software development,infrastructure and networking services Net Medical Xpress Services, a teleradiology diagnostic service Net Medical Xpress Specialists, a clinical service for hospitals needing neurologists, psychiatrists and cardiologists for telemedicine and Net Medical Xpress Staffing, providing telemedicine physician recruiting and staffing.

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