Healthcare Business Services looking at private placements

By Jennifer Chiou

New York, May 25 - Healthcare Business Services Groups, Inc. said it is looking to raise capital in one or more private placements to fund future projects, according to a 10-QSB filed late Tuesday with the Securities and Exchange Commission.

The company must raise between $4 and $5 million of additional financing to implement its business plans.

Healthcare Business Services has plans to develop two surgery centers.

It needs funding to begin construction on its first surgery center, to purchase land for its second and to begin marketing AutoMed, its medical billing software.

HBSGI, formerly Winfield Financial Group, Inc., is a customized billing agency with headquarters in Upland, Calif.

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