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

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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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