MID-ATLANTIC HOME HEALTH NETWORK INC

MID-ATLANTIC HOME HEALTH NETWORK INC

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Company Overview
Mid-Atlantic Home Health Network, Inc. (MAHN) is a provider of integrated home health services and products for the home health care industry as well as being a leading provider of healthcare staffing to hospitals, nursing homes and other facilities. The company was incorporated in 1982. Its registered office address is located in Manassas, Virginia.
The company’s goal is to offer a ‘one-stop shop’ concept for home health care. The company offers nursing care, rehab therapies, home health aides, home medical equipment and infusion services.
MAHN is a Nevada Corporation whose stock is 80.6 percent owned by the Oak Springs Nursing Home Limited Partnership. The balance of the stock is owned by approximately 500 shareholders. Its mission is to provide the highest quality health services to its patients; to recruit, educate, develop and retain quality personnel who provide compassionate, professional care; to continue to develop a continuum of home health care services and products, and become the leading edge provider in its respective geographic hub; to provide a safe work environment which fosters employee growth, satisfaction and leading edge service innovation; and to enhance financial strength and secure capital for expansion.
Business Summary
Mid-Atlantic Home Health Network, Inc. (Mid-Atlantic) is a home health company established to provide nurse staffing services and home health and medical products in a cost-competitive manner to the Mid-Atlantic region. Mid-Atlantic delivers care to persons in a variety of settings, including private homes, hospitals and nursing homes. The majority of Mid-Atlantic’s business involves providing nursing staff for clinics, long-term care facilities, hospitals and clinics, correctional facilities and schools. Services are provided to persons of all ages and with all levels of health or health related needs, varying from high technology interventions to companionship and services. Mid-Atlantic provides medical equipment and supplies and around-the-clock skilled nursing. Registered nurses, Licensed Practical Nurses and Vocational Nurses, as well as Physical, Occupational, Speech and Respiratory Therapists work under the direction of physicians in the setting of personal homes.
Description and history
Mid-Atlantic Home Health Network, Inc. (Mid-Atlantic), originally incorporated in 1979 as U-Can Resources, Inc., is a regionally based home health company established to provide nurse staffing services and home health and medical products in a cost-competitive manner to the Mid-Atlantic region. Mid-Atlantic delivers care to persons in a variety of settings, including private homes, hospitals and nursing homes. Since its acquisition of Hunt Country Nursing Services and National Nurses Service, the majority of Mid-Atlantic’s business has involved providing nursing staff for clinics, long-term care facilities, hospitals and clinics, correctional facilities and schools. Services are provided to persons of all ages and with all levels of health or health related needs, varying from high technology interventions to companionship and services. Mid-Atlantic provides medical equipment and supplies and around-the-clock skilled nursing. Registered nurses, Licensed Practical Nurses and Vocational Nurses, as well as Physical, Occupational, Speech and Respiratory Therapists work under the direction of physicians in the setting of personal homes.

Mid-Atlantic provides its services through four wholly owned subsidiaries. They include Hunt Country Nursing Services, Inc., Hunt Country Home Health, Inc., National Nurses Services, Inc. and the Center for Ambulatory and Home Infusion Services, Inc. Approximately 80% of the Company’s outstanding shares are owned by Oak Springs Nursing Home Limited Liability Company.

Hunt Country Home Health

Hunt Country Home Health’s home health program provides skilled nursing, physical therapy, occupational therapy, clinical social work, speech pathology and home health aide services. These services form the basic framework of the traditional home health services and disciplines, which include skilled nursing for the assessment, teaching and provision of care, physical therapy for ambulation and muscle strengthening, occupation therapy for assisting persons to restore functions in order to perform Activities of Daily Living (ADL), home health aid for personal care and assistance in ADL’s, speech therapy for restoration of communication, and social services for assessment of, and assistance with, emotional social problems interfering with the plan of care. These services are provided to any appropriate referral. Visit duration is usually two hours or less, two to three times per week. Most visits are made to patients experiencing heart disease, cancer, diabetes, AIDS, fractures and strokes or who have wounds that are in need of care.

Hunt Country Home Health has a home office located in Manassas, Virginia and additional offices located in Fredericksburg and Warrenton. In 2001, 275 home visits per month provided skilled nursing care, physical therapy, occupational therapy, speech therapy, home health aide and medical social work. Visit duration was usually two hours or less, two to three times per week.

Center for Ambulatory and Home Infusion Services

In November of 1999, the durable medical equipment assets of Center for Ambulatory & Home Infusion Services were transferred to Hunt Country Nursing Services under the name of Advantage Medical Equipment and Supply. This company is a “trading as” name to provide predominantly adult durable medical equipment.

National Nurses Service, Inc.

On June 30, 1995, the Company acquired ATLIS Health Services, Inc., which then was doing business under the name National Nurses Service. Mid-Atlantic maintained the corporate entity, but changed its name to National Nurses Service, Inc. (NNS).

NNS has four offices in the Maryland-Washington, D.C. metropolitan area, Fairfax, Richmond, and the Tidewater area of Virginia. NNS is a provider of supplemental staffing, including nursing, rehabilitative therapy and certified nursing assistant services to hospitals, nursing homes, medical clinics, correctional facilities, schools, and other governmental facilities. It is certified by the Medicare and Medicaid programs in Virginia as a provider of skilled and para-professional home health care services. NNS has an active roster of more than 1,500 clinical employees from which to fill its assignments.

Hunt Country Nursing Services, Inc.

In connection with its acquisition of NNS, on June 30, 1995, Mid-Atlantic acquired Hunt Country Nursing Services, Inc. (HCNS) from its majority shareholder, Oak Springs Nursing Home Limited Liability Company. HCNS is a private duty nursing company that provides professional nurses and nursing assistants to patients in the home for four to 24 hours per day, seven days per week. With NNS, HCNS comprises the majority of services provided by Mid-Atlantic and a majority of the Company’s revenue is derived from the operations of NNS and HCNS.

Business Line
A provider of integrated home health services and products for the home health care industry as well as being a leading provider of healthcare staffing to hospitals, nursing homes and other facilities
Subsidiary
NATIONAL NURSES SERVICE, INC
Advisor
EGGLESTON SMITH P.C.
IPO date

US SIC Code
8059
Company Address
Suite 101
7504, Diplomat Drive
City province or state postal code
20109, MANASSAS, VA
Phone: +1 703 335 1957
Fax: +1 703 335 8630
Country address: UNITED STATES OF AMERICA
Website url: www.mahhn.com