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Platt Retail Institute

USA: AMHN to Acquire Spectrum Health Network

9 June 2010 8 h 57 min

AMHNlogoAMHN, Inc. has entered into a Letter of Intent (LOI) with Gordon Communications, Inc., to acquire Spectrum Health Network, Inc., a digital signage waiting room network in medical practices.

Spectrum has more than 125 live locations with another 150 soon to be installed.

The terms of the LOI includes the acquisition of all of Spectrum’s assets and liabilities, and 100% of the outstanding common stock of Spectrum in exchange for shares of the AMHN’s Common Stock. The number of AMHN Shares to be issued in exchange for the Spectrum Shares will be determined upon the completion of due diligence and prior to the preparation of a definitive agreement between the parties.

AMHN, Inc. is the parent company of America’s Minority Health Network, Inc. a place-based provider of digital video education for medical practices who primarily serve the African-American population in the United States. It intends to close the definitive agreement prior to July 15, 2010.

Categories : Ad-network, Ad-sales, Healthcare, M&A, United States

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