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Global Health Voyager, Inc. Executes Memorandum of Understanding to Purchase PlanetHospital's Assets, One of the Largest US-Based Medical Travel Facilitators

 
BEVERLY HILLS, Calif., Sep 22, 2011 (LevelStock.com News) -- Global Health Voyager, Inc. (GHV) (OTCBB: GLHV), a full-service, web-based, medical tourism facilitator today announced that it entered into a memorandum of understanding on September 1, 2011 with PlanetHospital (PH), the largest medical travel facilitator in the United States, to acquire all the PlanetHospital assets from Healthcare International Network, LLC. Terms of the transaction, a pure asset purchase with no ties to any existing liabilities, were not disclosed. The deal is expected to close on or before October 1, 2011.

"We are extremely pleased to welcome Rudy Rupak, founder and CEO of PlanetHospital, to the GHV management team as the president of the PlanetHospital division," says Ali Moussavi, GHV president and CEO. "Rudy is internationally recognized as an industry pioneer, enjoys high visibility in the marketplace, and provides a strong voice for the medical tourism community. He will play an important leadership role in advancing our global positioning and driving GHV business objectives."

Moussavi points to the significant value of combining a public entity with the high-profile PlanetHospital brand, adding, "Founded in 2002, PlanetHospital captured first mover advantage with the introduction of a medical tourism platform that offers Americans options for accessing high quality healthcare treatments outside the United States at significantly lower costs. The Company quickly captured the attention of national and international media, generating wide consumer interest in its programs. Self-insured employers, insurers, third party administrators and other intermediaries also rely upon the PH platform for offering employees a medical travel benefit."

Rudy Rupak, founder and CEO of PlanetHospital, adds, "I am delighted that PlanetHospital is finally going to be a listed company. This is not an exit strategy for us, but rather an opportunity to really grow the business aggressively and take it to the next level. Expect great things."

About Global Health Voyager

Global Health Voyager, Inc. (OTCBB: GLHV) is a U.S.-based full-service medical tourism facilitator. It offers access to a worldwide network of highly accredited facilities and providers to patients seeking healthcare, surgical, dental, and wellness procedures. The Company is a one-stop medical tourism resource, providing consumers, employers, payers and other intermediaries the ability to choose and access information about a wide array of destinations, hospitals, procedures and services from one convenient location. Through established relationships with international providers, the Company has already done the groundwork to verify the accreditation and experience of the provider organizations it offers. Visit www.globalhealthvoyager.com.

Forward-Looking Statements

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.

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