RJD Green Inc. Enters an Acquisition Memorandum of Understanding for the Healthcare Division

Rhea-AI Summary

RJD Green Inc. (RJDG) announced a Memorandum of Understanding with a Midwest-based medical billing firm, aimed at enhancing the IOSoft accelerated medical payment systems. Established in 2010, the target firm specializes in medical billing and consulting services, possessing a strong client base and significant growth prospects. The acquisition is expected to create synergies with IOSoft's Unified Payment Systems and claims adjudication platforms. CEO Ron Brewer noted the MOU allows both parties to explore mutually beneficial acquisition structures amid economic uncertainty.

Positive

• Acquisition of established medical billing firm enhances IOSoft's capabilities.
• Strong client base and growth potential from target firm.
• Synergistic fit with IOSoft's existing software platforms.

Negative

• None.

TULSA, OK, July 25, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- RJD Green Inc. (OTCPK: RJDG) announced today the Company has entered an initial Memorandum of Understanding with a medical billing firm, which would complement the IOSoft accelerated medical payment systems. 

The acquisition target was formed in 2010 and is located in the Midwest United States. While Medical billing is the primary revenue, the company also offers consulting services in IT solutions and medical marketing. The Company has an established client base and offers excellent growth potential.

As important, the Company is a synergistic fit with the RJD subsidiary, IOSoft's efforts with their Unified Payment Systems and claims adjudication software platforms.

Ron Brewer, CEO, stated, “We are pleased to reach the initial stage of establishing acquisition terms and due diligence with a well-established company that offers revenue venues for both companies’ software and consulting services. 

“In the current uncertain economy, our MOU allows both parties to become more familiar and work toward an appropriate acquisition structure, which meets our capital investors guidelines. RJD Green is continuing its outreach to possible acquisitions where a mutually beneficial acquisition structure can be created within the current economic environment.”

About the IOSoft Division of RJD Green
IOSoft provides proprietary software for expedited medical payments between Payers and Providers, Healthcare claims adjudication, along with payment software platforms for corporations, government & institutional organizations. Since formation, IOSoft has been a third-party developer of software and provides IT support for the platforms developed. 

The primary focus of IOSoft is in healthcare payment systems where IOSoft can provide unique software platforms that can be integrated with legacy or existing systems of healthcare providers such as, health insurance carriers and third-party administrators. 

About RJD Green, Inc.
The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which operates IOSoft, a software development group that provides proprietary software and support services; Earthlinc Environmental Services Division, which provides green environmental services and technologies; and Silex Holdings Division, focused in specialty construction products and services. The initial operations, Silex Interiors, manufactures and installs stone products, cabinets and related products to the residential builder, commercial contractor, remodel contractor and DIY customer regionally.

Forward-looking Statement: 
This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Company Contact: 
RJD Green, Inc. 
Ron Brewer, CEO 
918.551.7883 
ronb@rjdgreen.com

FAQ

What is the purpose of RJDG's acquisition of the medical billing firm?

The acquisition aims to enhance IOSoft's accelerated medical payment systems and create synergies in software and consulting services.

When was the MOU for the acquisition of the medical billing firm announced?

The Memorandum of Understanding was announced on July 25, 2022.

What are the expected benefits of the acquisition for RJDG?

The acquisition is expected to leverage the established client base of the target firm, providing growth potential and synergies with IOSoft's platforms.

Who is leading the acquisition efforts for RJDG?

Ron Brewer, the CEO of RJD Green, is leading the acquisition efforts.

What kind of services does the target company provide?

The target company provides medical billing services along with consulting in IT solutions and medical marketing.