PatientTrac has gone public in Stockholm

Jan. 16, 2013 - PRLog -- Big Ben Venture Partner AB a private advisory firm announced Friday 11th January 2013 the completion of the Merger Transaction and Plan of Re-Organization (“Reverse Merger”) between Leox Holding AB (publ) (NGM: LEOX MTF) a Swedish Limited Company (the "Company") and PatientTrac Information Technology Corporation, a Delaware Corporation. After the completion of the the merger the Company will change its name to PatientTrac International Medical Technology AB.

PatientTrac Information Technology Corporation is engaged in electronic Medical Records (EMR) focused on psychiatry and mental health, offering the only health system in the market which specializes in adult psychiatry, child and adolescent psychiatry, geriatric psychiatry and psychiatric tests. The system includes other medical glossary, quantifiable patient tests, computable clinical data and high customization.

Prior to completion of the Reverse Merger, the Company was deemed a shell company having limited business operations and resources. The Company will be filing a connection memorandum reflecting the fact that it has new business purpose. Shares of the Company’s common stock are currently quoted for trading on the NGM under the symbol "LEOX MTF."

PatientTrac is well positioned to capture a significant share of the growing market for healthcare technology thanks to its unique product design and development. PITC markets, installs and supports PatientTracs products and hardware equipment medical clinics, psychiatric clinics, hospitals, psychiatric facilities and prisons in the United States. Thanks to new legislation in the U.S. which will come into force on 1 January 2013, the market will grow substantially over the next few years for PateintTracs portfolio (EMR). PatentTrac is also planning a launch of their products on the European market.

The rising demand for the healthcare cost containment and need to improve the quality of health care services are driving the growth of the EMR market in the U.S. The U.S. EMR market is expected to grow from $ 2.177 million in 2009 to $ 6.054 million in 2015 at an Estimated CAGR of 18.1% During the forecast period 2010-2015. Estimates of the U.S. Market by 2013 is 9.7 Billion dollars per annum and the Global Market for Electronic Medical Records is anticipated to reach 19.7 Billion Dollars village in 2013. The Mental Health market represents Approximately 25% of the total healthcare budget, eg 2.4 Billion per annum U.S. and 4.9 Billion per annum globally.

The Company is headquartered in Helsingborg, Sweden and has its sales office in Miami Florida USA.