American CareSource Holdings Appoints William J. Simpson as President
26 Juli 2011 - 5:51PM
American CareSource Holdings (Nasdaq:ANCI) (the "Company")
announced today that its Board of Directors has appointed William
J. Simpson as President and Chief Operating Officer. Mr. Simpson
joined the Company's Board of Directors in November 2010 and was
appointed Chief Operating Officer in December 2010. In
addition, Kenn S. George's role as Chairman of the Company's Board
of Directors has been expanded to include that of Chief Executive
Officer. The appointments follow the acceptance by the Board
of Directors of David S. Boone's resignation from his positions
with the Company.
"Mr. Simpson has already made significant contributions during
his short time with the Company," said Mr. George. "His broad
knowledge of the healthcare industry and strategic vision will
allow him to provide strong, dynamic leadership."
Mr. Simpson is the former President, Chief Executive Officer and
Director of Intrepid USA Healthcare Inc. In addition, he has served
on multiple boards, including Genezen Healthcare, where he was
Chairman. In addition Mr. Simpson had held a number of executive
management positions including Executive Vice President and Chief
Operating Officer at LifeCare, Executive Vice President and Chief
Operating Officer at Specialty Healthcare Services, Executive Vice
President of Operations at Intensiva Healthcare Corporation,
President and Chief Operating Officer at Ameristat Mobile Medical
Services, President of Epic Healthcare Services, and Vice President
of American Medical International.
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 5,000 ancillary service
providers at more than 36,000 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 over 20% 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.
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, preferred provider organizations, health
maintenance organizations, third party administrators and both
federal and local governments. For additional information, please
visit www.anci-care.com.
The American CareSource Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9641
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 the Company's plans, objectives
and expectations for future operations, projections of the
Company's future operating results or financial condition, and
expectations regarding the health care industry and economic
conditions, are forward-looking statements. Substantial risks
and uncertainties could cause actual results to differ materially
from those indicated by forward-looking statements, including, but
not limited to, changes in national health care policy, regulation,
general economic conditions, demand for ancillary services,
pricing, competition, market acceptance/preference, the Company's
ability to integrate with its clients, changes in the business
decisions by key clients or consolidation in the industry affecting
them, the Company's inability to attract or maintain providers or
clients or to manage growth, implementation and performance
difficulties, and other risk factors detailed from time to time in
the Company's periodic filings with the Securities and Exchange
Commission. Except as otherwise required by law, the Company
undertakes no obligation to update or revise these forward-looking
statements.
CONTACT: Investor Contact
Rich Cockrell
The Cockrell Group
Tel: 404.942.3369
rich.cockrell@thecockrellgroup.com
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