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SK3 Signs Definitive Acquisition Agreement to Acquire Medical Billing Specialist, Inc. for $4,100,000

MIAMI, FLORIDA, Dec 08, 2009 (MARKETWIRE via COMTEX) -- SK3 Group, Inc. (PINK SHEETS: SKTO) has signed a definitive acquisition agreement to acquire Medical Billing Specialist, Inc. from Healthcare of Today, Inc. () in a transaction valued at $4,100,000.
Medical Billing Specialist, Inc. () is a comprehensive billing service provider that offers medical offices and other healthcare businesses with billing, reporting, and consulting services. The company has specialized experience in billing services for hospice, home health agencies, and more. Founded by executives with experience running healthcare businesses, the company brings unique insight into the billing needs of busy offices. Medical Billing Specialist, Inc. offers on-location or offsite services, as required by the practice.

SK3 Group has two divisions that provide medical related services to its customers. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. Nurses On-Line provides a 24/7 telephone triage system for employees and employers, which helps reduce overall exposure to financial risk and has been demonstrated to reduce reportable claims to insurance companies by as much as 61%. SK3 Group also markets preferred medical services through its facilitation partners to its PEO client base