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Press Release - American CareSource Holdings, Inc. (XSI-AMEX) |
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“If you look at a graph of what ancillary care spend looks like between 1980 and today, ancillary care spend in 1980 was roughly 25% of the overall healthcare spend at that point in time in the nation, today it represents north of 30% which makes it a nearly $600 billion market for services. It is taking a larger share of the pie and is expected to do so over time. For us we feel like we are uniquely positioned in the space. We are not aware of another business similar to ours...” - Steven J. Armond (XSI) (Interview published April 18, 2008) |
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American CareSource To
Present at the Annual
Baird Healthcare
Conference
The Company also
announced that a live
audio broadcast of its
conference presentation
will be available. To
access the broadcast,
listeners should go to
the Company's website,
www.anci- care.com.
A replay of the
conference presentation
will also be available
through the Company's
website.
About American
CareSource Holdings,
Inc.
American CareSource
Holdings, the first
national, publicly
traded ancillary care
network services
company, offers a
comprehensive national
network of over 4,000
ancillary service
providers at more than
30,000 sites through its
subsidiary, Ancillary
Care Services. Ancillary
Care Services provides
ancillary health care
services through its
network that offers cost
effective alternatives
to physician and
hospital-based services.
This market is estimated
at $574 billion and has
grown to 30% of total
national health
expenditures. These
providers offer services
in 31 categories
including laboratories,
dialysis centers,
free-standing diagnostic
imaging centers,
non-hospital surgery
centers, as well as
durable medical
equipment such as
orthotics and
prosthetics and others.
The Company's ancillary
network and management
provides a complete
outsourced solution for
a wide variety of health
care payors and plan
sponsors including
self-insured employers,
indemnity insurers, PPOs,
HMOs, third party
administrators and both
federal and local
governments. For
additional information,
please visit www.anci-care.com.
Safe Harbor Statement
Under the Private
Securities Litigation
Reform Act of 1995:
Any statements that are
not historical facts
contained in this
release, including with
respect to future
engagements by clients,
revenue growth,
earnings, and guidance
are forward-looking
statements. It is
possible that the
assumptions made by
American CareSource
Holdings, Inc. for
purposes of such
statements may prove to
be inaccurate or may not
materialize. Actual
results may differ
materially from those
projected or implied in
any forward-looking
statements. Such
statements may involve
further risks and
uncertainties, including
but not limited to those
relating to demand for
our services, pricing,
market acceptance, our
ability to integrate
with our clients, our
ability to attract and
maintain providers, our
ability to manage
growth, the effect of
economic, political and
regulatory conditions,
the effect of
competition, risks in
product development, the
ability to complete
transactions, and other
risks identified in this
release, and the
Securities and Exchange
Commission filings of
American CareSource
Holdings, Inc.
The Cockrell Group
1230 Peachtree Street
18th Floor
Atlanta GA 30309
T 404.942.3369
T 404.287.0511 (after hours)
F 866.880.1512
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