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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 Holdings Appoints James T. Robinson to Senior Vice President of Sales and Marketing

DALLAS, TX--(Marketwire - November 13, 2008) -

American CareSource Holdings, Inc. (NASDAQ: ANCI) today announced that James T. Robinson has joined the Company as Senior Vice President of Sales and Marketing, effective immediately. Mr. Robinson, 48, will report directly to David S. Boone, President and Chief Executive Officer, and will be responsible for directing all sales and marketing activities for the Company's growing national network of ancillary care providers.

Commenting on today's news, Mr. Boone stated, "Jim brings vast healthcare experience to the Company and we are delighted to welcome him to the American CareSource team. Jim's position addresses a critical need for the Company as we continue to gain market share in a rapidly growing market."

Prior to joining American CareSource, Mr. Robinson served as Executive Vice President of Sales and Marketing and Chief Marketing Officer of VistaCare, Inc., where he helped lead the turnaround and eventual sale of the $230 million nationwide hospice/healthcare services company based in Scottsdale, AZ. Prior to joining VistaCare, Mr. Robinson was President and Chief Executive Officer of HealthBanks, Inc., an innovative, private-equity backed e-Health Network Company that connects specialty physicians to their patients. Before HealthBanks, Mr. Robinson was co-founder of Avicenna Systems Corporation, a venture capital backed e-Health Physician Practice Solutions Company that was acquired by WebMD.

Mr. Robinson earned a Bachelor of Arts from Connecticut College and holds an MBA from Harvard University.

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.

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 results of financing effort, the ability to complete transactions, and other risks identified in this release, and the Securities and Exchange Commission filings of American CareSource Holdings, Inc.


Contact:
David S. Boone
Chief Executive Officer
American CareSource Holdings, Inc.
Tel: 972-308-6830


 


 


 


 


 





    

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