AMGP Georgia Managed Care Company Expands Existing MITD Contract

Press release from the issuing company

Wednesday, March 12th, 2014

MIT Holding, Inc. announces that AMGP GEORGIA MANAGED CARE COMPANY, INC., D.B.A. Amerigroup Community Care, revised a "Participating Provider Agreement" to include ambulatory, infusion and perinatal services to the existing "Durable Medical Equipment Contract". Therefore, the contract will now pay for all services offered by MITD, for a demographically larger range of patients.

AMGP Georgia Managed Care Company, Inc. is a Georgia Care Maintenance Organization . They serve members in the Georgia Families Programs, such as, Medicaid and PeachCare for Kids. AMGP is dedicated to offering real solutions that improve health care access and quality for its members, while proactively working to reduce the overall cost of care to taxpayers.

Walter Drakeford, MIT Holding, Inc.'s CEO stated, "We've diversified MIT Holdingfrom the beginning as a segmented divisional Company. This structure allows maximum focus for the client's benefit from one division, while maintaining a nimble enough philosophy to add 'overnight' services from our other divisions. In our case, the client can be the patient, the medical facility, or the insurance carrier. AMGP' s decision to expand the existing DME contract to include these additional divisions highlights the success of MITD's market strategy. "

MITD is designed for organic growth, as well as, aggressive acquisition programs. This contract expansion adds an additional layer of service benefits, which significantly increasing MITD's Medicaid billing. Management continues to look for growth strategies which will enhance the Company's revenue streams and shareholder value.