BEDA Bederra Corporation featured news, full reports, and detailed charts
Bederra Corporation (BEDA/BEDA.PK) Wrap Up:
Bederra Corporation provides medical diagnostic services. Its diagnostic imaging facilities provide services, such as magnetic resonance imaging, computerized tomography, ultrasound, x-ray, nuclear medicine, and various cardiac diagnostic services. The company was founded in 1979 and is based in Houston, Texas.www.bederra.com
6 Employees
Founded in 1979
Bederra Corporation (BEDA:OTC)
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Market Cap
80.8K
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Total Revenue
762.6K
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EBITDA
596.9K
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DILUTED EPS TTM
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P/E
--
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P/S
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Return On Asset
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Return On Equity
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BEDA Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Bederra Corporation (BEDA)
Bederra In Talks To Buy Six Walk-In Medical Clinics
09/30/2009
Bederra Corporation announced that the company is in discussions to acquire six additional walk-in medical clinics. The clinics are located in various parts of the Houston, TX area. The clinics represent the intent of Bederra and its subsidiaries to increase patient exposure and the utilization of diagnostic services to create an integrated medical services company that will be located initially throughout Houston, TX. The company's business plan calls for expansion to other cities in Texas and eventually other states as opportunities and financing become available. The development is subject to numerous factors including financing, regulatory approval and the availability of human resources, but management expressed confidence based on the initial success of its Reliant Medical Clinic. Additional clinics will be modeled on the Reliant Medical Clinic while offering greater geographical coverage for the company.
Bederra Corporation Reports Earnings Results for the Six Months Ended June 30, 2009
08/25/2009
Bederra Corporation reported earnings results for the six months ended June 30, 2009. For the period, the company had gross revenues of $1,293,780. While on an accrual basis the six-month financial statements show an operating loss of $405,925, the loss was due to slowness in the economy and the residual effects of Hurricane Ike, which disrupted many of the company's referral sources.
Bederra Corporation Reports Earnings Results for the First Quarter Ended March 31, 2009 ; Provides Earnings Guidance for the Second Quarter of 2009
07/7/2009
Bederra Corporation reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company has posted gross revenue of $737,602.00 and operating loss of $62,925.00, the tremendous early success of the company's recently launched medical clinic--the Reliant Medical Group Clinic. The company is expected to be profitable on an accrual basis by the end of the second fiscal quarter, and cash flow positive by August of 2009.
BEDA Competitors
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Industry Analysis
| Valuation | BEDA | Industry Range |
| Price/Earnings | -- | Not Meaningful |
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| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | 0.2x |
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BEDA |
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BEDA transactions
| Type Date |
Target |
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Private Placement
October 28, 2009 |
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Merger/Acquisition
October 16, 2009 |
Basic Solutions, Inc. |
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Merger/Acquisition
July 14, 2009 |
Neogenex Medical Technologies, Inc. |
More Recent News About Bederra Corporation
More news for BEDA
Bederra Corporation Announces Reorganization of Subsidiaries, Status of Pending Acquisitions, and Overhead Reductions of Approximately $360,000 per Year
HOUSTON, TX--(Marketwire - 11/17/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas-based, diversified medical services provider announces the reorganization of Lumar Imaging and its subsidiaries. Because of the announced 34% reduction in reimbursements from Medicare beginning Jan. 1, 2010, the company has closed its Lumar and Reliant clinic facility in advance of the Medicare cuts in a move to reorganize and reduce overhead costs to the company. The facility has experienced costly technical and electrical problems in its leased space as an ongoing result of Hurricane Ike a year ago. These issues along with the inability to renegotiate an acceptable lease arrangement on the facility has caused management to reassess the location of the clinic and has resulted in a concerted effort now to focus on providing mobile diagnostic services going forward. These mobile services will have lower overhead and fixed costs and will add greater geographical patient coverage through an expanded network of physicians' offices, clinics, nursing homes and corporate facilities. This will create continued patient care in the face of Medicare cuts and allow the company to contract out services such as MRI and CT without the high overhead costs. Management believes this move will also generate greater revenues, while reducing overhead by an estimated $360,000 per year resulting in greater profitability.Management noted that despite the impediments faced at the Reliant facility, the company has not abandoned the clinic-based mo...Click here to read the whole Article (external link)
Bederra Corporation Launches New Brand Initiative With New Division, Issues Update on Acquisitions
HOUSTON, TX--(Marketwire - 11/05/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas-based, diversified medical services provider announced the company has created a new division called Reliant Health Services Corporation. This new division was created in order to better brand all of the services the company provides under one name. As most of the services relate to imaging and diagnostic testing, the company believes it would be in its best interests to have one brand name as opposed to several names offering similar services. In other news, the Letter of Intent recently signed with Texas Mobile Services, has moved to the due diligence stage and it is hoped that the acquisition will be concluded by the end of November.Due diligence is still ongoing with Neogenics Medical Technologies. The reason for the delay is the finalization of certain contracts that have not yet been signed between Neogenics and various entities that would provide for the long-term success of the company. Upon execution of these documents, the company anticipates a timely completion of its acquisition of Neogenics.About Bederra Corp.http://www.bederra.comBederra Corporation, through its wholly owned subsidiaries Lumar Imaging, Inc., Reliant Medical Group and Diagnos, Inc; provides multiple modality diagnostic medical...Click here to read the whole Article (external link)
Bederra Corporation Signs Letter of Intent to Acquire Texas Mobile Health, Inc.
HOUSTON, TX--(Marketwire - 10/19/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas based diversified medical services provider, announced that the company has signed a Letter of Intent to acquire Texas Mobile Health, Inc. Texas Mobile Health, Inc. provides mobile diagnostic services such as Eko Cardiograms, Pulmonary Function tests, Vascular Studies and Event Monitoring to physician offices, clinics and nursing homes. By acquiring Texas Mobile Health, Bederra will be able to provide ICAVL certified facilities and be able to gain further revenues under the ICAVL certification, which is now a requirement of Medicare and certain private insurance companies.The acquisition is estimated to generate revenues in the $3 million range with plans to add several additional services that could double this volume. Due to some anticipated changes in Medicare beginning in January 2010, many existing physician offices will not be able to provide in-house services such as those provided by Texas Mobile Health due to certification requirements. Therefore, there will be a greater market for companies such as Texas Mobile Health to fulfill this need.This acquisition will mark the horizontal diversification of Bederra Corporation and complements its current suite of diagnostic services with another operational and revenue generating model. Texas Mobile Health will enable Bederra clients in need of diagnostic services, but unable to travel, to receive those services in the comfort and safety of their own homes....Click here to read the whole Article (external link)
Bederra Corporation Announces Business Plan to Add 6 Medical Clinics
HOUSTON, TX--(Marketwire - 09/30/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas-based, diversified medical services provider, announced the company is in discussions to acquire six additional walk-in medical clinics. The clinics are located in various parts of the Houston, TX area. The clinics represent the intent of Bederra Corp. and its subsidiaries to increase patient exposure and the utilization of diagnostic services to create an integrated medical services company that will be located initially throughout Houston, TX. The company's business plan calls for expansion to other cities in Texas and eventually other states as opportunities and financing become available.The development is subject to numerous factors including financing, regulatory approval and the availability of human resources, but management expressed confidence based on the initial success of its Reliant Medical Clinic. Additional clinics will be modeled on the Reliant Medical Clinic while offering greater geographical coverage for the company.About Bederra Corp.http://www.bederra.comBederra Corporation, through its wholly owned subsidiaries Lumar Imaging, Inc., Reliant Medical Group and Diagnos, Inc., provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Te...Click here to read the whole Article (external link)
Bederra Corporation in Talks to Acquire Basic Solutions, Inc.
HOUSTON, TX--(Marketwire - 09/23/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, TX-based diversified medical services provider, announced the company is in discussions to acquire Basic Solutions, Inc., a Houston, TX-based company specializing in mobile diagnostic services. The company had previously announced a Joint Venture agreement between the companies, however, it has become apparent to both parties that the acquisition of Basic Solutions would benefit both businesses. Basic Solutions is an established and operational mobile diagnostic group that performs services such as Eko Cardiograms, Pulmonary Function tests, Vascular Studies and Event Monitoring to physicians offices, clinics, and nursing homes.The advantage to each party is that this acquisition gives Bederra Corp. an opportunity to perform these services in-house at its Lumar Imaging and Reliant Medical Group Clinic facilities. The advantage for Bederra Corp. is that by acquiring Basic Solutions, it will now become an ICAVL certified facility and be able to gain further revenues under the "ICAVL" certification of the Reliant Medical facility. This certification is required by Medicare and some insurance companies in order to perform certain diagnostic tests that are paid for by these entities, allowing Reliant Medical facility access to a broadened client base. The annual budget of Medicare is approximately $500 billion with diagnostic testing a growing part of the budget.The acquisition, when closed, would add an estimated $3-4 Million ...Click here to read the whole Article (external link)
Bederra Corporation Reports Semi Annual Financial Statements
HOUSTON, TX--(Marketwire - 08/25/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas based diversified medical services provider, recently published its six months results on www.pinksheets.com. For the six months ending June 30, 2009, the company had gross revenues of $1,293,780. While on an accrual basis the six-month financial statements show an operating loss of $405,925; the loss was due to slowness in the economy and the residual effects of Hurricane Ike, which disrupted many of the company's referral sources. The start up costs of the recently launched medical clinic, Reliant Medical Group Clinic, also contributed to the loss. The company is now expected to be profitable on an accrual basis by the end of the third fiscal quarter. The company has made significant advances over the past six months in spite of the slowdown in the economy. Operating revenues were slow for the first four months but improved significantly with the opening of Reliant Medical Clinic. The clinic has added a steady flow of patients that can utilize the existing diagnostic and imaging services that the company currently provides.The company is finalizing plans to add additional clinics to be located in carefully selected areas of Houston in the near future. Other diagnostic services will be added to each clinic to provide m...Click here to read the whole Article (external link)
Bederra Corporation Shareholder and Business Update
HOUSTON, TX--(Marketwire - 08/07/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas based, diversified medical services provider announced that it will soon publish its six month financial results (1st and 2nd quarter) and upgrade the company's current "Pink Sheets Limited Information" categorization to a "Pink Sheets Current Issuer" listing. The issuance of the first six months of financial statements was expected by the end of July, but was delayed slightly by management's desire to have the financial statements consolidated and reviewed by an accounting group so that the disclosure is up to date and ready to be audited at year end. The company will be posting the financial statements on pinksheets.com and announcing their availability and summarized results via a press release. Also to the end of upgrading its disclosure category on Pink Sheets, the company recently reported that it is in the process of changing transfer agents; this lengthy process should be completed within the next two weeks. The official date of the change will also be announced.Additionally, management announced that the company is in the process of revising its corporate structure and creating a 5 person Board of Directors that will be compliant with Sarbanes /Oxley rules, should the company seek an up listing to another exchange. The company also intends to appoint an advisory board comprised of physicians and medical industry professionals to advise the company on expansion strategies.Finally, the previously announced po...Click here to read the whole Article (external link)
Bederra Corporation Signs Letter of Intent to Acquire Neogenex Medical Technologies, Inc.
HOUSTON, TX--(Marketwire - 07/14/09) - Bederra Corporation (Pinksheets:BEDA - News), a medical imaging and diagnostic Company, has signed a Letter of Intent to acquire Neogenex Medical Technologies, a Houston, TX based Technology, Development and Marketing company that focuses on Pain Therapies for Arthritis, Soft tissue and Joint applications. Neogenex Medical Technologies, Inc. has rights to patents and technology to produce and market a low level laser device cleared by the FDA to treat arthritis pain and carpal tunnel syndrome. The company currently markets these FDA approved devices to medical professionals, Fitness Clubs and Corporate Wellness Facilities. More than 3500 medical professionals, therapists and trainers are currently using these devices as treatment options."The current market for these products and treatments is well over $10-15 Billion as more than 80 million people can utilize these therapies. Neogenex has already established itself in this market and would make a great addition to Bederra's growing line of products and services," stated Graham Williams, CEO of Bederra.About Bederra Corp.http://www.bederra.comBederra Corporation, through its wholly owned subsidiaries Diagnos, Inc. and Lumar Imaging, Inc., provides multiple modality diagnostic medical imaging services to the greater Hou...Click here to read the whole Article (external link)
Bederra Corporation Reports First Quarter Financial Statements
HOUSTON, TX--(Marketwire - 07/07/09) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas-based diversified medical services provider, recently published its first quarter results on www.pinksheets.com. For the quarter ending March 31, 2009, the company grossed revenues of $737,602.00. While on a cash basis the first quarter financial statements show an operating loss of $62,925.00, the tremendous early success of the company's recently launched medical clinic -- the Reliant Medical Group Clinic -- the company is expected to be profitable on an accrual basis by the end of the second fiscal quarter, and cash flow positive by August of this year. The company's balance sheet for the first quarter reports $737,550.00 in total assets after depreciation, including first quarter receivables of $258,693.00. Furthermore, management has maintained its positive outlook regarding the company's financials despite the economic downturn which management believes has left many patients reluctant or unable to pay deductibles and insurance premiums. With the launch of the Reliant Medical Group Clinic and the addition of specialized equipment including a nuclear camera, management expects the company to show a profit overall for its full fiscal year ending in December.Additionally, the company is in the process of changing tran...Click here to read the whole Article (external link)
Bederra Corporation Reports First Successful Month of Operations of New Medical Clinic
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