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 | MARKETING SERVICES | HOME PAGE |
|
American CareSource Holdings Signs Two New Client Agreements With Union Organizations in Midwest
DALLAS, TX--(Marketwire - July 14, 2008) -
American CareSource Holdings, Inc. (AMEX: XSI) announced today that it has signed new client service contracts with Iron Workers Local 295 Trust Fund, representing Iron Workers throughout the state of Indiana, and Operative Plasterers & Cement Masons Local 692, representing Plasterers and Mason Workers in Northwest Indiana. Both Local #395 and Local #692 are Taft-Hartley Health/Benefits Welfare Trust Funds. Private sector unionized employees, including the building and construction trades, can obtain comprehensive health and other benefits through Taft-Hartley funds, also referred to as multiemployer plans. Taft-Hartley funds create economies of scale cost-savings because of their central administration and the pooling of resources. Under the two agreements, American CareSource will make available its full range of ancillary care services to each Union's member base through a network of ancillary care providers. Commenting on today's news, David S. Boone, Chief Executive Officer of American CareSource, stated, "Winning these two new accounts represents another important milestone for the Company. We are extending our reach into the important union market in the Midwest. We are honored to have been chosen by these two important Indiana-based unions to provide their growing constituencies with value added, affordable ancillary healthcare benefits as an enhancement to their current programs. These agreements testify to the high-quality reputation of American CareSource and over time, we are looking forward to these new contracts paving the way for additional relationships with other key union organizations across the country." 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. 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. Contact: David S. Boone Chief Executive Officer American CareSource Holdings, Inc. Tel: 972-308-6830
|
|
ceocfointerviews.com does not purchase or
make
recommendation on stocks based on the interviews published.