New York Health Care, Inc., a development stage biopharmaceutical company, engages in the identification, licensing, and development of treatments for gastrointestinal disorders, such as pouchitis, irritable bowel syndrome (IBS), Crohn’s disease, ulcerative colitis, celiac disease, and C. difficile infections.
Segments
The company operates through two segments, including Biobalance Business; and Home Health Care Business.
Biobalance Business
Products
PROBACTRIX: PROBACTRIX is a non-pathogen...
New York Health Care, Inc., a development stage biopharmaceutical company, engages in the identification, licensing, and development of treatments for gastrointestinal disorders, such as pouchitis, irritable bowel syndrome (IBS), Crohn’s disease, ulcerative colitis, celiac disease, and C. difficile infections.
Segments
The company operates through two segments, including Biobalance Business; and Home Health Care Business.
Biobalance Business
Products
PROBACTRIX: PROBACTRIX is a non-pathogenic probiotic, which would addresses the root cause of GI disorders, including pouchitis, IBS, IBD and diarrhea, by inhibiting and replacing the growth of pathogenic bacteria and preventing their re-colonization.
Bacillus Product: The company has acquired the rights to a combination of two Bacillus strains that has exhibited anti-inflammatory, anti-bacterial and anti-viral properties, which might be effective in treating various GI diseases.
Home Health Care Business
The company provides a range of home health and personal care support services in capacities ranging from companions to live-ins, including assistance with personal hygiene, dressing and feeding, meal preparation, light housekeeping and shopping and, to a limited extent, physical therapy and standard skilled nursing services, such as the changing of dressings, injections and administration of medications.
The company obtains patients primarily through contracts, referrals from hospitals, community-based healthcare institutions and social service agencies, case management and insurance companies. Its referring sources include New York City Medicaid, Guildnet, Inc., and Beth Abraham Long Term Home Health Program.
Competition
The company’s principal competitors include Premiere Health Services, National Home Health Care Corp., Patient Care, Inc., and Personal Touch Home Care Services, Inc.
History
New York Health Care, Inc. was founded in 1983.