Oncologix Tech, an
acquisitive diversified medical device and healthcare holding company, has
acquired the assets of Amian Health Services, a provider of Personal Care
Attendant (PCA) healthcare services for veterans and private pay clients.
Amian provides PCA
services to more than 70 clients in the State of Louisiana, has 78 full-time
employees, and $1.06 million in annual revenues. As explained by Wayne Erwin,
CEO of Oncologix, the merger of Amian’s operations and certain personnel into
Angels of Mercy will create combined synergies of more than $4.1 million in
annual revenues and earnings expected to top $540,000 per year.
“Oncologix is
extremely delighted to complete this acquisition of Amian Health Services. …
The acquisition of Amian Health will provide the delivery of personal care
services to private pay and veterans clients with a market segment that Angels
of Mercy did not serve,” Erwin stated in the news release. “This acquisition
continues with our healthcare division strategy: to acquire healthcare
services-related companies.”
Amian began its
healthcare service operations in 2004 with offices located in Alexandria and
Lafayette, Louisiana. Amian educates and trains personal care assistants who
provide routine health and personal care support with Activities of Daily
Living (ADL) to seniors, clients with physical impairments or disabilities in
private homes, nursing care facilities, hospice care settings, and other
residential settings.
Financial details of
the agreement were not disclosed.
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