Featuring: publicly traded & venture capital companies on the U.S. (NYSE, NASDAQ, AMEX & OTC: BB) and Canadian (TSX & TSX-V) stock exchanges, Investment & Money Management Ideas.

Press Release - American CareSource Holdings, Inc. (XSI-AMEX)

“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)

The Most Powerful Name In Corporate News and Information.

CURRENT ISSUE COVER ARCHIVES  |  INDEX  |  CONTACT  |  FINANCIALS |  SERVICES  | HOME PAGE


CEOCFO
-
Members Login

Become A Member!



 

Dec. 15, 2009 13:30 UTC

American CareSource Holdings and PREFERRED Therapy Providers Inc. Sign National Agreement

DALLAS--(BUSINESS WIRE)-- American CareSource Holdings, Inc. (Nasdaq: ANCI), the nation’s leading ancillary health care system, announced today the expansion of its therapy services network with the signing of Phoenix-based PREFERRED Therapy Providers (or simply PREFERRED), the largest centrally managed contracting and marketing resource for private practice physical, occupational and speech therapists in the nation. PREFERRED represents over 1,100 clinics and over 2,800 individual therapists in 37 states serving more than 60 million members.

“Our commitment to provide the best service at the lowest cost was an important consideration when pursuing a relationship with PREFERRED,” said David S. Boone, Chief Executive Officer of American CareSource. “The PREFERRED network of highly skilled therapy professionals works with the latest equipment and technology to provide our clients with convenient access to high quality healthcare. PREFERRED’s clinics and therapists are a valuable addition to our growing network of ancillary providers.”

“We are excited to partner with Ancillary Care Services to bring this opportunity to our network providers,” states Christy Beauchamp, Vice President of PREFERRED. “Our relationship with ACS validates our mission to continually enhance options for our private practice members with various health plans. We continue to make strides in forging these associations because of their value to our network providers.”

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 4,100 ancillary service providers at more than 32,000 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.

About Preferred Therapy Providers, Inc.

Founded in 1992 and based in Phoenix, Arizona, PREFERRED’s business model allows flexibility in contracting between private practitioners and various health plans and organizations. PREFERRED assumes responsibility for primary source verification of all practitioner elements that meet or exceed those required by nationally recognized standards, thereby reducing time, cost, and paperwork for both the PPO and provider. Currently, PREFERRED represents over 1,100 clinics in 35 states and over 2,800 individual therapists, serving more than 60 million members. For more information about PREFERRED, call their toll-free number at (800) 664-5240 or visit the company’s Web site at www.preferredtherapy.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.

Contacts

American CareSource Holdings, Inc.
Angela Cloud, 972-308-6934
Marketing Manager
or
The Cockrell Group
Investor Contact
Rich Cockrell, 404-942-3369
investorrelations@thecockrellgroup.com
or
PREFERRED Therapy Providers Inc.
Christy Beauchamp, 800-664-5240
Vice President


 


 


 


 


 


 


 





    

ceocfointerviews.com does not purchase or make
recommendation on stocks based on the interviews published.