Southern Home Medical, Inc. (OTC Pink: SHOM) is a healthcare services, medical equipment, and technology company. Shares of the healthcare company are down 22.50%, through early trading on Wednesday, December 7, 2016. Over the past month, Southern Home Medical, Inc. has seen average daily volume of 23.81 million shares. However, volume of 23.33 million shares or dollar volume of $139,980, has already exchanged hands through early trading on Wednesday.
Shares of Southern Home Medical, Inc. are diving today, after the company announced that its subsidiary, KC Holdings, Inc., has entered into a partnership to conduct healthcare services in Malaysia. The subsidiary is partnering with Kuala Lumpur and will focus on upgrading Malaysia healthcare equipment, standards, and other improvements. Here is the full press release detailing of partnership in Malaysia:
Southern Home Medical, Inc. Press Release:
NEW YORK, NY and KUALA LUMPUR, MALAYSIA–(Marketwired – Dec 7, 2016) – Southern Home Medical, Inc. ( OTC PINK : SHOM ), a technology developer within the healthcare industry, has announced today that KC Holdings, Inc., a wholly owned subsidiary of SHOM, is working within Kuala Lumpur focusing on healthcare in Malaysia. Mr. George Chang, CEO of SHOM, visited Malaysia back in October to meet with Malaysian healthcare officials focusing on improving their technology. These meetings led to the role of KC Holdings, Inc. assisting healthcare companies improve throughout the country while Kuala Lumpur will continue to assist Malaysian healthcare companies’ businesses development. This new focus could increase the quality of healthcare for the people of Malaysia in areas such as treatment, safety and detection of health issues.
As part of this project, KC Holdings, Inc. has created a wearable technology watch that can be used to detect a patient’s vitals in efforts to monitor heart disease, brain damage, breathing problems, dangerous stomach virus and blood loss. This wearable technology tracks and reports patients’ health in real time allowing healthcare providers to quickly contact the patient, the patient’s family doctor or emergency personal if required.
George Chang, Chief Executive Officer at SHOM, commented, “This technology will provide patients and doctors valuable health related information that can be used to treat patients quickly so they can receive proper care and possibly save lives in the process. This is just not about delivering better healthcare and reducing the cost of healthcare but making a difference in people’s lives across the world.”
About Southern Home Medical, Inc.:
Southern Home Medical, Inc. is a Holding Company with a focus on servicing the needs of the Healthcare Industry. SHOM will continue to leverage the success of their businesses in order to expand sales opportunities in other locations throughout the country with health, medical and equipment needs.