Biotech Stock Alert; 8K Filing; Medical Alarm Concepts Holding, Inc. (OTC: MDHI) to become a provider of personal medical alarms for Coventry Health Care, Inc. (NYSE: CVH)

Point Roberts, WA - March 5, 2013 (Investorideas.com Newswire) Investorideas.com, a leader in sector research for investors, issues an 8K filing alert for medical device company, Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK).

According to the filing: "On February 25, 2013, the Company signed a supply and services contract with Coventry Health Care, Inc., (NYSE: CVH) a diversified national insurer in the United States located in Bethesda, Maryland, which operates health plans, insurance companies, network rental and workers' compensation services companies.
Medical Alarm Concepts Holding, Inc. will become a provider of personal medical alarms for Coventry.
Under the terms of the agreement, Coventry Health Care, Inc. will offer the Company's MediPendant® product and monthly monitoring services to subscribers of selected healthcare programs provided by Coventry. Additionally, the Company's MediPendant® product has been, or may be, included in their dual demonstration programs (Medicare and Medicaid) related contracts on which Coventry Health Care, Inc. may bid.
The Company is expecting this contract to generate growth in revenue and earnings. As a result of gaining the contract, the Company plans to expand its business operations in the areas of manufacturing, financial management, research & development, and logistics."
http://www.sec.gov/Archives/edgar/data/1443089/000147124213000073/mdhifeb262013.htm
Full news: http://www.investorideas.com/news/2013/biotech/03041.asp
Additional information on the MediPendant can be viewed at www.MediPendant.com .
About MDHI (OTCQB: MDHI.PK),
Medical Alarm Concepts Holdings, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. MediPendant's™ patented two-way voice technology enables the user to speak and listen directly through the pendant no matter where the user may be in and around their home. MediPendant™ service also includes advanced features such as three-way calling that enables the operator to link loved ones directly into the emergency call in real time.  Text message alerts are also standard, and are used to inform loved ones that the user has contacted an operator or has requested assistance. A standard PERS system does not enable the user to speak and listen through the pendant, thus limiting them to a small area in their home. There is always the risk that the user will not be heard by the call center operator if they are not within a short range of the base station.
Medical Alarm Concepts Holding, Inc.
Contact:
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
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