INDIAN HARBOUR BEACH, Fla., Feb. 19, 2009 (GLOBE NEWSWIRE) -- Health Sciences Group, Inc. (Pink Sheets:HESG), the owner of igohealth.org and iGoHealthy Magazine, as a service and responsibility to our shareholders, is publicly outlining our strategy for the future of the Company.
In recent announcements, we have outlined some major directional additions for the company. We have committed to becoming a revenue generating entity, we have committed to promoting and marketing igohealthy.org as a premier health and wellness website and we have committed to promoting and marketing iGoHealthy Magazine.
CURRENT DEVELOPMENTS
Currently, the company is in the preliminary stages of acquiring a minority stake in MODUS Healthcare Builders. On Tuesday, February 24th, Health Sciences Group's management team will tour the MODUS Building Plant as a step in closing its due diligence.
According to MODUS' management team they are planning on starting operations on March 1st. In addition they stated they have several million dollars worth of scheduled work under contract.
About MODUS Healthcare Builders
Decide to build a new hospital today and chances are you won't admit the first patient for six, seven, or even eight years. By that time, the cost of building the hospital, the cost of admitting a patient, even the cost of the bed itself, will all have gone up -- at current inflation rates, the costs will more than double. Physician groups whose admissions you relied upon when drafting your functional plan, demographic trends that defined your anticipated market, reimbursement rates and interests rates that supported your investment, even procedures you assumed would be done ... all will have changed by the time the first patient walks through your doors.
MODUS Healthcare Builders (MODUS) offers healthcare providers, for the first time in a generation, the chance to eliminate that risk, and dramatically lower the cost of healthcare while elevating the quality.
MODUS offers its clients state-of-the-art hospitals, built by MODUS Manufacturing (MODUS Manufacturing), in a controlled environment, for less money, and in far less time than traditional construction. An aging population, double-digit annual growth in healthcare construction (already a $41 billion industry), substantial downward pressure on reimbursement rates with upward pressure on prices, and clinical trends towards smaller specialty hospitals, make this the ideal time to lead -- to drive -- the market to our product.
Traditional hospital construction costs run between $350 - $1,000 per square foot (or $1 million per bed and up). Traditional construction is done on site, and takes an average of 3 years to complete, after planning, permitting and approvals are granted. Through its manufacturing partner, MODUS Manufacturing, facilities are built in a state-of-the-art manufacturing facility and operational 9 months after the contract is signed. That enables MODUS to sell concrete and steel hospitals, and related healthcare facilities, for 10% to 50% less than site construction, in a fraction of the time, with huge capital cost savings and market advantages for the buyers.
MODUS executives have over a century of combined healthcare industry experience. Through them, MODUS has immediate access to over 30% of the domestic hospital construction market at the CEO/COO level of the major U.S. health systems. Additional targets will be physician entrepreneurs and foreign government officials.
MODUS architects, engineers and executives have worked for years to design a system that brings aerospace knowledge, technology and precision to healthcare construction -- an industry that uses many of the same techniques applied for a century to hospital construction. Its clinicians and design teams work with clients to ensure fiscal responsibility and clinical excellence, and then interface with engineers and designers at the MODUS Manufacturing plant to ensure quality and timeliness in design and construction.
MODUS designers have incorporated the advances made from years of electronics and avionics work in the AWACs, Nuclear Submarines and Aerospace programs to benefit healthcare construction. Its architects and engineers have built or consulted on some of America's leading hospitals, including the first (and only) componentized acute care hospital in the U.S., and the only componentized acute care hospital additions in California.
The MODUS Manufacturing plant near Tampa, Florida, can produce up to 700,000 square feet of medical facilities annually, and ship all over the U.S. and the world through the Port of Tampa.
The average hospital will be 50,000 square feet with 24 to 48 beds. Patient rooms, Operating Suites, Recovery Rooms, Labs, Nursing Stations, ICUs, and Emergency Room bays can all be standardized and built more efficiently and safely in our plant than in an open air environment. Proprietary coupling and linkage of the components and all of the pre-installed HVAC, electronics, IT systems, Med-Gas lines and other infrastructural elements are operational in a matter of days.
MODUS Manufacturing is assuming an 18-year master lease to control its own manufacturing facility in Plant City, Florida. This control of all factors of production will ensure quality and timeliness. Prices can be guaranteed because of short timelines, and the clients' capital costs will be cut in half. Local contractors undertake site preparation concurrent with the building being constructed in our plant, and MODUS provides construction management services on site, so that delivery is scheduled upon site prep completion, and no time is lost in opening the facility to patients.
We avoid inefficient and costly labor problems by constructing the facility in a controlled environment. We maximize efficiency by scheduling the trades and the inspectors, in our plant, at the moment they are needed -- not waiting months or weeks for one or the other to finish ... or simply to show up. Building materials -- or inventory -- are not stolen, ruined by weather, or costing interest sitting on a construction site. They will be protected in our plant and used when needed.
About Health Sciences Group
Health Sciences Group, Inc. is a provider of health and wellness services to consumers, physicians and other healthcare professionals through its website www.igohealthy.org and health focused publications. The Health Sciences network consists of its public website www.igohealthy.org and iGoHealthy Magazine. The Company operates in three segments: Online Services, and Publishing and Other Services.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.