American CareSource Holdings Signs New Client Agreement With Evolutions Healthcare Systems

DALLAS, TX--(Marketwire - November 06, 2008) -

American CareSource Holdings, Inc. (NASDAQ: ANCI) announced today that it has implemented a new client service agreement with Evolutions Healthcare Systems, Inc., one of the largest independently owned Preferred Provider Organizations (PPOs) offering healthcare provider access at carrier level discounts in Florida. Under the agreement, American CareSource will make available its full complement of ancillary care services to Evolutions' clients through a network of ancillary care providers. American CareSource expects to realize an estimated $4 - $6 million in additional annual revenue once the agreement is fully implemented.

 

Commenting on today's news, David S. Boone, Chief Executive Officer of American CareSource, stated, "We are delighted to be working with a quality PPO such as Evolutions. By providing affordable ancillary healthcare benefits to Evolutions, we will support their mission of promoting the highest quality healthcare at the lowest possible costs. Evolutions' strong local presence will also allow us to gain an important foothold in Florida."

Edward Johnes, Chief Executive Officer of Evolutions Healthcare Systems, stated, "Our partnership with American CareSource will provide our clients with enhanced access to high quality ancillary providers at affordable costs."

About Ancillary Healthcare Services

American CareSource provides ancillary healthcare 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 over 30 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.

About American CareSource Holdings, Inc.

American CareSource Holdings, the first national, publicly traded ancillary care network services company offers a comprehensive national network of approximately 2,500 ancillary service providers at over 25,000 sites. The Company's ancillary network and management provides a complete outsourced solution for a wide variety of healthcare 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.

About Evolutions Healthcare Systems

Evolutions is Florida's largest and strongest independent PPO network serving Self-Insured Employers, Insurance Carriers and Third Party Administrators. Based in New Port Richey, Florida, the company has been privately held since 1992. Evolutions has built a solid reputation for robust technology driven solutions for its Commercial, Health Carrier and Municipal clients. Evolutions is a strong national network company with a focus on the Florida self-insured and mid-range carrier markets. For over 15 years, the company has developed innovative and competitive network solutions for its clients delivering the best doctors and the best hospitals at absolutely the best price. For additional information, please visit www.ehsppo.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements 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 product demand, pricing, market acceptance, the effect of economic conditions, and intellectual property rights, and the outcome of competitive products, 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.