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medex inc (MDXX) Details

Medex, Inc. distributes medical equipments and supplies to the medical professionals, nursing homes, rehabilitation facilities, assisted living centers, and insurance carriers. The company was formerly known as How To Go Public, Inc. and changed its name to Medex, Inc. in July 2009. Medex, Inc. was incorporated in 1998 and is based in Chula Vista, California.

medex inc (MDXX) Top Compensated Officers

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medex inc (MDXX) Key Developments

Medex Inc. Partners with PSP Medical to provide ATP Services

Medex Inc. announced that it has entered into an agreement for MedEx Inc. to provide ATP (Assistive Technology Professionals) services to PSP Medical Rentals and Supplies located in Whittier, CA. ATPs (Assistive Technology Professionals) are recognized for their professional services to provide client specific Rehabilitation Equipment to handicapped individuals, which includes custom fitted power and manual wheelchairs and other devices to improve their customers' independence and mobility. The agreement provides increased revenue potential for both companies and will greatly improve the position of both entities to increase business throughout Greater Los Angeles, San Bernardino and Riverside counties (known as the Inland Empire). The agreement meets the requirements of Medicare guidelines and opens the door for contracting with other Healthcare Management Groups.

Medex Inc. Enters into a Joint Venture with Senior Mobility Vista Aids

Medex Inc. announced that it has entered into a joint venture with Senior Mobility Vista Aids headed by Mr. Allen Newsome and based in Vista, CA. The agreement between the companies is being established in order to form an integrated partnership to greatly extend Medex's scope of services further within the wheel chair DME, and repair and service market. This partnership will enable Medex to gain access to more extensive sites allowing greater expansion and providing the company with more qualified technicians and additional office space. As a result, Medex will be better able to provide for its existing clients and better positioned for future new contracts currently under negotiation in order to continue to grow its business. By establishing a joint venture with Senior Mobility Aids, Medex will also be able to appoint a VP of compliance to ensure that the high quality of service and repairs of its clients' equipment is provided, which will meet or exceed current industry standards. Medicare has entered into a bidding process for San Diego, CA and the surrounding region in partnership with Senior Mobility Aids. If successful Medex will be granted the exclusive rights to work with Medicare recipients that require all sales products and services included in the bid such as power wheelchairs. By combining Senior Mobility Aids customer product sales focus with Medex's ability to provide exceptional service, the joint venture has the potential to generate significant revenue in the San Diego regional market. Although the winning bid providers has yet to be announced the two companies are moving forward with plans to expand in the area. With a population base of in excess of 3 million people, San Diego County provides an opportunity for Medex to service and repair equipment vacated by the unsuccessful bidders.

Medex Inc. will Change its Ticker to MDXX from MDXXD

Effective November 01, 2012, Medex Inc. will change its OTCPK stock ticker symbol to MDXX from MDXXD.

 

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