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Micro-Cap in News; Home Health International Inc. (HHII)

By Warren Paige

Home Health International Inc. (PINK: HHII) has announced the completion of acquisition of Mount Auburn Inc., a Medicare-certified home health agency. The announcement sent HHII shares sharply higher in trading today.

Mount Auburn, which is based in Miami-Dade County, Florida, provides skilled nursing services and other therapeutic services, which includes physical therapy, speech-language pathology services, medical social services and home health aide services.

Mount Auburn is licensed in accordance with the state of Florida and meets all conditions found by the Secretary of Health and Human Services related to health and safety. The agency’s standards have been rated as exemplary by both federal and state regulatory agencies.

Following the announcement, HHII shares have risen sharply in trading today. At last check, the stock was trading 13.51% higher at $0.0420 on volume of 1.33 million. The stock has fallen more than 56% in the last one month.

 

May 8th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.