American CareSource Holdings Elects New Board Director David A. George
28 Juli 2009 - 11:47PM
Marketwired
American CareSource Holdings, Inc. (NASDAQ: ANCI), the nation's
leading ancillary health care system, today announced the election
of David A. George to Chairman of its Board of Directors on
Tuesday, July 21, 2009, replacing exiting Board Chairman Edward B.
Berger. Mr. George rejoins the Board of Directors after a two year
absence.
"I am delighted to again be working with American CareSource,"
said Mr. George. "Over the last two years the Company has made
tremendous progress and I am looking forward to being part of the
Company's future growth by working with the management team David
Boone has assembled and the Board."
Commenting on the change, President and Chief Executive Officer
David A. Boone said, "It is with great pleasure that we welcome Mr.
George back on our Board. His extensive industry experience will be
a terrific addition to our Board of Directors. I am looking forward
to working closely with David as we continue to expand and develop
our Company."
David George, Chief Executive Officer of Healthcare Solutions,
Inc., is one of the nation's most experienced and accomplished
health care industry executives. Over the past 25 years, Mr. George
has held key executive positions with businesses focused on the
management and delivery of health care services to the nation's
largest payors. Prior to the formation of Healthcare Solutions,
Inc., Mr. George was Chief Executive Officer of Cypress Care. He
had also served as President of AdvancedPCS, the nation's largest
pharmacy benefit manager and health services company, and as a
Director and Executive Vice President of the predecessor company,
Advanced Paradigm, Inc. Mr. George also served as Executive Vice
President of United HealthCare, a leading health plan and managed
health care services company.
"I think David George is an excellent choice for the role of
Chairman for this exciting, growing company," said outgoing
Chairman Edward B. Berger, who will remain a member of the Board.
"While I have truly enjoyed serving as Chair for the past two
years, it's time for change, and I am delighted to be passing the
torch to him. Mr. George has the necessary expertise and skills to
build upon the strong partnerships and collaborations we currently
have at local, regional and national levels. As we continue to grow
our value-added models and move forward in this ever changing
health care environment, his well-recognized leadership will be
invaluable in helping us strategically position American CareSource
and to effectively respond in today's paradigm. We are indeed
fortunate to have David back."
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 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.
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. Tel: 972-308-6847
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