American CareSource Holdings Signs New Client Agreement With Principal Financial Group
11 März 2009 - 11:07AM
Marketwired
American CareSource Holdings, Inc. (NASDAQ: ANCI) announced today
that it has implemented a new client service agreement with the
Principal Financial Group. Under the terms of the agreement,
American CareSource will make available its full complement of
ancillary care services to Principal Edge Network, a proprietary
health care network launched in the Dallas-Ft. Worth metro area on
March 1, 2009.
"We are very excited about the potential opportunities this
partnership will create for our Company," stated David S. Boone,
Chief Executive Officer of American CareSource. "As a provider of
ancillary care services to the Principal Edge Network, we look
forward to supporting their initial rollout in Texas and in other
markets later this year. We feel that the agreement is a good fit
between our companies as we both strive to deliver high quality
services at cost effective prices."
"We're introducing Principal Edge Network to select markets
where we believe our local presence will help employers achieve
competitive discounts," said David McNichols, Vice President of the
Health Division of the Principal Financial Group. "Our relationship
with American CareSource is important to the success of ensuring
our members have access to high quality ancillary care in their
local markets."
About Ancillary Healthcare Services
American CareSource 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 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 through its subsidiary,
Ancillary Care Services. 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 Principal Financial Group
The Principal Financial Group� (The Principal�)(1) is a leader
in offering businesses, individuals and institutional clients a
wide range of financial products and services, including retirement
and investment services, life and health insurance, and banking
through its diverse family of financial services companies. A
member of the Fortune 500, the Principal Financial Group has $247.0
billion in assets under management(2) and serves some 19.1 million
customers worldwide from offices in Asia, Australia, Europe, Latin
America and the United States. Principal Financial Group, Inc. is
traded on the New York Stock Exchange under the ticker symbol PFG.
For more information, visit www.principal.com.
ANCI-G
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.
(1) "The Principal Financial Group" and "The Principal" are
registered service marks of Principal Financial Services, Inc., a
member of the Principal Financial Group.
(2) As of December 31, 2008.
Contact: Steven J. Armond Chief Financial Officer American
CareSource Holdings, Inc. Tel: 972-308-6847
American CareSource (CE) (USOTC:GNOW)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
American CareSource (CE) (USOTC:GNOW)
Historical Stock Chart
Von Jul 2023 bis Jul 2024