GAINESVILLE, Ga., Dec. 26, 2017 — Authentidate Holding Corp. (OTCQB: ADAT), a growth oriented company focused on developing and providing clinically actionable medical information and telemedicine services, announced today that Aeon Global Health's clinical laboratory has been selected to become a provider to the Texas Medicaid System. Covering nearly 4.8 million Texans, Texas Medicaid is responsible for insuring 16% of all of the states residents' according to the latest figures available.
“We are pleased with this key development as we continue to execute on our strategy to increase our payer network,” said Sonny Roshan, Chairman and CEO of Authentidate. “Receiving this important credentialing may allow us to increase our marketing focus in this highly populated state and position Aeon for even further growth in the Southwestern US. As we continue to position our company for growth, we are excited that more and more payers are recognizing the quality of our services as we provide actionable medical information,” he added.
ABOUT AUTHENTIDATE/AEON GLOBAL HEALTH
Authentidate Holding Corp. (OTCQB: ADAT), through its Aeon Global Health operating arm, is an emerging leader in the provision of clinically actionable medical informatics. Founded in 2010, Aeon is focused on the delivery of services consistent with federal quality standards and which exceed industry standards for turn-around time. Operating out of a modern 30,000 square-foot facility in suburban Atlanta, the Company provides a comprehensive menu of diagnostic and laboratory- developed tests as well as interpretative data for a wide range of inherited conditions.
Except for historical information, the matters discussed in this press release may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, words such as “believe”, anticipate” think”, “intend”, “plan”, “will be”, “expect” or similar expressions identify such forward looking statements. In addition, such statements include declarations regarding the intent, belief or current expectations of Authentidate Holding Corp. and its management, including those related to cash flow, gross margins, revenues, and expenses which are dependent on a number of factors outside of the control of the Company including, for example, the markets for the Company's services, costs of and services, other expenses, government regulations, litigation, and general business conditions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and thatactual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control. Other risks and uncertainties are more fully described in our reports filed with the SEC. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The statements made in this press release speak only as of the date stated herein, and subsequent events and developments may cause our expectations and beliefs to change. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this news release to reflect subsequent information, events, results or circumstances or otherwise.
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SOURCE Aeon Global Health
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