Universal Healthcare Management Systems, a small, publicly traded cancer care firm, today announced that it has purchased its first treatment facility, the Heritage Hills Oncology Center, Littlestown, Pa., as part of a rapid growth plan.
"This is our first operating center," says Universal Vice President Mark Wing, though he says three more acquisitions are "in the works" and likely to be completed early in 2004.
Universal Healthcare Management Systems, headquartered in Sunrise, Fla., intends to refurbish the Heritage Hills facility--and future properties--and install state-of-the art technology, including electronic medical records and what Wing calls a "software supplement" of new technology to enhance MRIs, Wing says.
The company is about three and a half years into a four-year business plan, according to Wing. The firm went public on the OTC Bulletin Board in August.
"Things are going phenomenally well," Wing says.
The plan calls for building a nationwide network of comprehensive oncology and wellness centers, incorporating "all modalities and protocols under one roof," including preventive care, screening, diagnostics and ancillary services such as mental health and holistic medicine for cancer patients, Wing says.
Universal Healthcare Management Systems is looking for centers in underserved regions, according to Wing. The Heritage Hills Oncology Center is located in a small town in south-central Pennsylvania, about 44 miles from Baltimore, though not all acquisitions will be in rural areas, he says.
"We wouldn't go to downtown Boston, across the street from Dana-Farber (Cancer Institute), one of the largest cancer centers in the country," Wing says.