American CareSource Holdings, Inc. (NASDAQ: ANCI) today announced
that David S. Boone, its President and Chief Executive Officer,
received the prestigious and coveted Ernst & Young Entrepreneur
Of The Year� 2009 Award in the health services category in
Southwest Area- North. According to Ernst & Young LLP, the
award recognizes the country's outstanding entrepreneurs who are
building and leading dynamic, growing businesses. Mr. Boone was
selected by an independent panel of judges, and the award was
presented at a gala event at the Majestic Theater in Dallas, Texas,
on June 27.
"This is truly an award for our entire company, not any one
individual," said Mr. Boone. "This accomplishment is a reflection
of the quality people that comprise American CareSource, our
outstanding leadership team, and the culture we are creating. Most
importantly, it is a direct result of the passion all of us have
towards the goal of making health care more affordable and changing
the health care industry for the better."
As President and Chief Executive Officer beginning in 2007,
David Boone brought external credibility, passion, and a vision for
the future to American CareSource. Borrowing on his health plan
development past, his strategy execution experience, and his belief
that analysis and analytics are important to the success of a
company, Mr. Boone transformed American CareSource into a thriving,
publicly traded company that topped the NASDAQ Capital Market
performance charts in 2008.
Mr. Boone's core belief is that successful companies must have
the right culture. At American CareSource Mr. Boone created an
environment where every staff member believes in what the Company
is doing -- saving the consumer money and changing the health care
landscape. With his carefully cultivated management team -- the
foundation of the Company's future success -- Mr. Boone's vision of
the future now focuses on continuing American CareSource's rapid
growth and further expanding its profitability and cash flow as the
business scales.
The Ernst & Young Entrepreneur Of The Year� Awards celebrate
their 23rd anniversary this year. The program honors entrepreneurs
who have demonstrated exceptionality in such areas as innovation,
financial performance and personal commitment to their businesses
and communities.
"We are proud to recognize the achievements of David Boone,"
said Chris Abston, Ernst & Young LLP Entrepreneur Of The Year
Program Director for Southwest Area- North. "Winners of the
Entrepreneur Of The Year Award build leading businesses and
contribute significantly to the strength of our region's economy.
Their success helps our area grow stronger."
As a Southwest Area- North award winner, Mr. Boone is now
eligible for consideration for the Ernst & Young LLP
Entrepreneur Of The Year 2009 national program. Award winners in
several national categories, as well as the overall national Ernst
& Young Entrepreneur Of The Year� Award winner, will be
announced at the annual awards gala in Palm Springs, California on
November 14, 2009. The awards are the culminating event of the
Ernst & Young Strategic Growth Forum, the nation's most
prestigious gathering of high-growth, market-leading companies.
About 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 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 over 3,000 ancillary service
providers at more than 26,000 sites through its subsidiary,
Ancillary Care Services. The Company's ancillary network and
management provides a complete outsourced solution for a wide
variety of 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 Ernst & Young's Entrepreneur Of The Year� Awards
Program
Ernst & Young's Entrepreneur Of The Year� Award is the
world's most prestigious business award for entrepreneurs. The
award makes a difference through the way it encourages
entrepreneurial activity among those with potential and recognizes
the contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global
award of its kind, the Ernst & Young Entrepreneur Of The Year�
Award celebrates those who are building and leading successful,
growing and dynamic businesses, recognizing them through regional,
national and global awards programs in more than 135 cities in 50
countries.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur
Of The Year Awards are pleased to have the Ewing Marion Kauffman
Foundation and SAP America as national sponsors.
In Southwest Area-North, local sponsors include Smith, Frank
& Partners, Stagen, First United Bank & Trust Company, D
CEO Magazine, Fort Worth Business Press and The Journal Record.
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, 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.
Contact: Steven J. Armond Chief Financial Officer American
CareSource Holdings, Inc. 972-308-6847
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