Monday, November 2, 2009

WellNet Healthcare to Acquire Four Million New Lives in Licensing Agreement with Investment Bank Cantor Fitzgerald

New Service Simplifies Healthcare Cost Management and Containment for Businesses

Bethesda, MD – November 2, 2009 — WellNet Healthcare, a healthcare technology company that enables companies to better manage their healthcare costs, has been selected as a licensed partner of Cantor Health Interactive. The new healthcare service will bring four million new lives in the next three years to WellNet.

Cantor Health Interactive is a joint venture between Cantor Insurance Group, an affiliate of global financial services firm, Cantor Fitzgerald, and Healthcare Interactive that brings new technology management tools to help businesses measure, manage, control and reduce their corporate healthcare costs.

“Given Cantor’s long and distinguished history of launching new technologies in the financial services industry that improve efficiency and transparency of costs and Healthcare Interactive’s experience in developing and implementing innovative healthcare technology tools, we are pleased to be selected as a primary partner to help contribute to controlling runaway healthcare costs," said Keith Lemer, president of WellNet Healthcare.

Most corporations know more detail about the cost of their inventory and office supplies than they do about the cost of their healthcare. Cantor Health Interactive provides the means to change that through a secure, integrated, intelligent online network linking healthcare providers, employees and the businesses that pay for healthcare in order to improve treatment efficacy and lower costs.

“We want businesses to be as educated about healthcare costs as those selling traditional insurance products and services. Using our technology and the services provided by WellNet leads to competition and choice, which drives down costs. Healthcare costs do not need to rise inexorably and inevitably. If you want control you have to take control," said Stuart Hersch, president of Cantor Insurance Group.“ Cantor Health Interactive’s software helps companies avoid being blindsided by unexpected medical and pharmacy costs“, he added.

“WellNet was selected to bring their pharmacy benefit and care management services because of their unique ability to save their clients significant monies while utilizing our technology within their operations 100 percent of the time,“ says Henry Cha, president of Healthcare Interactive.

The Cantor Health Interactive service model is designed to simplify healthcare information and delivery. With the right tools, understanding, education and incentives, businesses are able to lower costs today and limit increases in the future.

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About WellNet Healthcare

WellNet Healthcare enables companies and their executive management team to measure and manage their healthcare costs by finding and fixing problems using real-time healthcare information to make better business decisions that lower healthcare costs. For more information, visit their Web site at www.WellNet.com.

About Healthcare Interactive

Healthcare Interactive, founded in 2007, is a privately-held software company commercializing innovative technologies for healthcare administration and insurance. Healthcare Interactive has developed an information portal and intelligence technologies to enhance individual’s health with products that focus on predictive modeling, information sharing, and intelligent Web services. The company’s signature product is Point to Point Healthcare. For more information visit www.hciactive.com.

About Cantor Fitzgerald

Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 60 years. The Cantor Fitzgerald franchise includes institutional fixed income and equity sales and trading, investment banking, real estate private equity, and other businesses and ventures.

Cantor Fitzgerald is one of 18 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald’s 1,400 employees serve clients through 36 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information visit www.cantor.com.

About Cantor Insurance Group

The Cantor Insurance Group was formed in 2005 to develop new and innovative products and services that bridge the financial and insurance markets. The Cantor Insurance Group operates a number of companies that broker insurance products, trade and service life settlements and advise clients on insurance–related financial products.