Innovative MedTech Announces Subsidiary SarahCare Renews Agreements for Adult Day Care Franchises in Texas
Innovative MedTech (OTC: IMTH) has announced the renewal of franchise agreements for two SarahCare® centers in Texas, each extending for five years. These centers provide essential adult day services to a rapidly aging population, with about 30% of the local residents being 65 or older. The services aim to assist older adults, including veterans, and offer daily respite for caregivers, preventing premature nursing home admissions. This renewal highlights the critical role of adult day services in supporting community health.
- Renewal of two SarahCare® franchise agreements for five more years.
- Centers meet the needs of an elderly population (30% aged 65+) in Texas.
- Provides essential daily services, including medical care and social activities.
- None.
Franchise Renewals Mean Continued Delivery of Necessary Day Services to Older Adults and Veterans
BLUE ISLAND, Ill., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Innovative MedTech, Inc. (the "Company") (OTC: IMTH), a provider of health and wellness services, announces today that the Company’s subsidiary, SarahCare®, has renewed the agreements of two SarahCare® franchises.
The renewal agreements, each valid for another five years, enable these independently owned SarahCare® franchise Centers to continue providing comprehensive adult day services. The two franchises are in The Woodlands, Texas, and in Kingwood, Texas. These two Centers provide adult day services in an area where nearly
“It is tremendously important for SarahCare to continue to provide daily essential services for older adults, including Veterans – especially during these challenging times. SarahCare Centers fill a gap by providing a critically important option for older individuals and their families: offering daily essential medical needs, and mental and physical stimulation, all offered in a supportive and safe environment that adheres to strict public health protocols. This service option provides much needed daily respite to caregivers, while ensuring families safely regroup each day. Most importantly, these service offerings prevent early and unnecessary nursing home admissions,” stated SarahCare® CEO and President Merle Griff.
About the Adult Day Care Services Market
According to the National Adult Day Services Association (NADSA), Adult Day Services is a system of professionally delivered, integrated, home and community-based, therapeutic, social and health-related services provided to individuals to sustain living within the community. Key findings from a MetLife survey found that adult day services are a growing source of long-term care and are a preferred platform for chronic disease management. There is a heightened focus on prevention and health maintenance — nearly
About SarahCare®
The Company operates 2 unique and 24 franchised locations in the United States. SarahCare offers seniors daytime care and activities ranging from exercise and medical needs on a daily basis to nursing care and salon services. Those who visit benefit from these services that include specialized dietary menus and engaging social activities allowing them to continue to lead active and enriched lives. SarahCare® operates according to strict Commission on Accreditation of Rehabilitation Facilities (CARF) standards, which provides accreditation standards for human-services field organizations worldwide.
About Innovative MedTech, Inc.
Innovative MedTech, Inc. is based in Blue Island, IL. The Company is a provider of health and wellness services, including SarahCare, an adult day care center provider. For more information, please visit: https://innovativemedtechinc.com and https://sarahcare.com.
Safe Harbor Statement
Statements in this press release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and are not guarantees of future performance and are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and are subject to change at any time. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. These and other important factors may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, achievements or plans expressed or implied by these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media inquiries:
Michael Friedman
708-925-9424
ir@innovativemedtechinc.com
FAQ
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