Project Flux provides risk management services and property & casualty underwriting for healthcare professionals and institutions. Despite 50+ years of insurance operations experience the Company lacked healthcare industry orientation and sophisticated financing strategy. Healthios developed a comprehensive, healthcare-centered strategic plan, recruited a world-class Board of Directors, and completed $15 million in financing. We also initiated, evaluated, negotiated, and closed strategic partnerships, representing $35 million in value. The Company has increased revenues from $360,000 in $5.3 million, $8.2 million, and $40 million in 1998, 1999, 2000, and 2001 respectively. Currently, their loss experience and operating expenses equal 17% and 12%, respectively, compared to the 86% and 42% industry average.
