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EANS-Adhoc: LifeWatch announces agreement with Heritage Provider Network (with document)

Un document

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Company Information/LifeWatch AG

05.10.2011

Neuhausen am Rheinfall/Switzerland - LifeWatch AG (SIX Swiss Exchange: LIFE),
the leading wireless remote cardiac and medical patient monitoring service
provider in the U.S., announces today an agreement of its U.S. subsidiary
LifeWatch Services, Inc. with Heritage Provider Network in Southern California.
The agreement brings LifeWatch in-network status with all affiliated medical
groups of the Heritage Provider Network representing almost 500,000 covered
lives.

You will find a PDF-Version of the press release at the end of this message.

In mid-February 2011 LifeWatch Services, Inc. opened its third call center
facility in San Francisco to provide West Coast patients with full time zone
comfort and to better meet the expectations of private insurance companies in
California. After opening the call center LifeWatch applied for its Medicare
IDTF provider number which was received, after an onsite Medicare inspection,
on August 10, 2011.

Following this development, the Company successfully negotiated its first
agreement with the California based physicians group, Heritage Provider Network
(www.heritageprovidernetwork.com), to include the ACT monitoring service. This
agreement brings to LifeWatch in-network status with all of their affiliated
medical groups, located mainly in Southern California. Heritage Provider
Network contracts with over 32,000 physicians and 100 affiliated hospitals, and
is the fourth largest Medical Management Organization in California, covering
almost 500,000 lives. The agreement is effective as of August 1, 2011 and
includes all the LifeWatch cardiac monitoring services.

Beyond the Heritage Provider Network the Company is serving 113 insurance
companies active in the Californian healthcare market. These contracts were
closed before LifeWatch opened its third call center facility in San Francisco
in mid-February 2011. Thus the "Golden State" with a population of over 38
million (California Healthcare Foundation 2009) is of growing strategic
importance for LifeWatch as it is the biggest healthcare market within the
United States with more than 3,000 practicing cardiologists.

"We are very happy about this new agreement with Heritage Provider Network. Our
strategy of bringing a third call center to San Francisco to be closer to our
existing and eventual patients, physicians and business partners is beginning
to bear fruit," stated Dr. Yacov Geva, Chairman and CEO of LifeWatch AG which
is the parent company of LifeWatch Services, Inc. "The west coast presence
offers our existing and new partners a full access to services provided and
allows us to strengthen our market position in California."

About LifeWatch AG:

LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX Swiss
Exchange (LIFE), Switzerland, is the leading healthcare technology and solution
company, specializing in advanced telehealth systems and wireless remote
patient monitoring services. LifeWatch services cater to individuals, ranging
from high-risk and chronically ill patients, to consumers of health and
wellness products. LifeWatch has subsidiaries in the United States, the
Netherlands, Japan, the United Kingdom, Switzerland and Israel. LifeWatch AG is
the parent company of LifeWatch Services Inc., a leading US-based cardiac
monitoring service provider, and manufacturer of telecardiology products.
LifeWatch is also introducing a new program for Home Sleep Testing of
Obstructive Sleep Apnea (OSA) patients under the brand name NiteWatch. For
additional information, please visit www.lifewatch.com.

Sign-up for customized email alerts and documentation requests is available at
http://production.investis.com/lifewatch/alert-service/

This press release includes forward-looking statements. All statements other
than statements of historical facts contained in this press release, including
statements regarding future results of operations and financial position,
business strategy and plans and objectives for future operations, are forward-
looking statements. The words "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect" and similar expressions are intended to
identify forward-looking statements. LifeWatch AG has based these forward-
looking statements largely on current expectations and projections about future
events and financial trends that it believes may affect the financial
condition, results of operations, business strategy, short term and long term
business operations and objectives, and financial needs. These forward-looking
statements are subject to a number of risks, uncertainties and assumptions. In
light of these risks, uncertainties and assumptions, the forward-looking events
and circumstances described may not occur and actual results could differ
materially and adversely from those anticipated or implied in the forward-
looking statements. All forward-looking statements are based only on data
available to LifeWatch AG at the time of the issue of this press release.
LifeWatch AG does not undertake any obligation to update any forward-looking
statements contained in this press release as a result of new information,
future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND
SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A
GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT
CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES
FOR SALE IN THE UNITED STATES OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY
SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN
ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD
OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION
UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
UNITED STATES SECURITIES LAWS.  ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN
THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED
FROM LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED
INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS
OF THE ISSUER.

Attachments with Announcement:
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http://resources.euroadhoc.com/us/QP5on9qJ

Further inquiry note:
Sensus Investor and Public Relations GmbH, Zürich:
Tel +41 43 366 55 11 | Fax +41 43 366 55 12 | Email  lifewatch@sensus.ch

end of announcement                               euro adhoc 
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/QP5on9qJ


issuer:      LifeWatch AG
             Rundbuckstrasse 6
             CH-8212 Neuhausen am Rheinfall
phone:       +41 52 632 00 50
FAX:         +41 52 632 00 51
mail:         users@lifewatch.com
WWW:      www.lifewatch.com
sector:      Healthcare Providers
ISIN:        CH0012815459
indexes:     SPI, SPIEX
stockmarkets: Open Market / XETRA: Frankfurt, free trade: Berlin, Main Standard:
             SIX Swiss Exchange 
language:   English

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