China Health Care Merges With United Premier Medical Group

CNHL | Quote | Chart | News | PowerRating -- United Premier Medical Group announced a stock-for-stock merger with China Health Care Corp. (CHCC).

According to a release, the combined Company will operate under the name China Health Care Corp., and will assume and execute United Premier Medical Group's business plan as its sole business. China Health Care Corp. will retain United Premier Medical Group's senior management and its current board of directors. Shares are listed on the Over-the-Counter (OTC) Bulletin Board and trade under the symbol CNHL.OB.

"The listing of our stock in the public markets represents the completion of several steps we have taken to financially position the Company for future growth," said Jay Macfarland, Chief Executive Officer of the Company. "Significant support from the financial world and health care entities and China have given us access to both capital and strategic introductions that will significantly benefit the Company moving forward," Macfarland continued. "The listing provides the proper venue for attaining a higher level of corporate visibility, and allows investors to better assess China Health Care Corp.'s value in relation to its publicly-traded peers."

China Health Care is a provider of OB/GYN health care services to customers in China.

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