American CareSource Completes Acquisition of Virginia Urgent Care Centers
06 Januar 2015 - 2:30PM
American CareSource Holdings (Nasdaq:ANCI) ("Company"), operator of
urgent care centers and a national network of ancillary health care
providers, announced today that its Virginia subsidiary has
completed the purchase of substantially all the assets used in the
operation of two urgent care centers located in northern Virginia.
The two centers, located in Fairfax and Gainesville, were
wholly-owned by Charles I. Okorie, M.D. and represent the Company's
initial acquisitions in the State of Virginia. The centers will be
the centerpiece of the Company's strategy to become the
high-quality, patient-centric provider of convenient, affordable
urgent care in the northern Virginia market.
Since opening, the physician-owned centers have grown by
consistently providing outstanding patient care to local community
members. The centers are well regarded in their respective
communities and both capitalize on strong locations in high-traffic
areas. The vast majority, if not all, of the key staff and
providers have elected to stay with the enterprise going
forward.
"We are delighted to continue our urgent care acquisition
strategy into the State of Virginia, and could not be more pleased
with our physician leader. We wholeheartedly welcome Charles
I. Okorie M.D. to the American CareSource team, and we are grateful
for his continued service as Medical Director for these centers,"
said Dr. Richard W. Turner, the company's Chairman and Chief
Executive Officer.
"Dr. Okorie and his team have developed a strong following by
providing high-quality, patient-centric health care, and we
anticipate the centers will continue to grow and address consumer
demand for northern Virginia," Dr. Turner said.
With the addition of the two centers, the Company now owns and
operates a total of ten centers in the States of Alabama, Florida,
Georgia, and Virginia.
The Company is continuing to pursue urgent care acquisition
opportunities that fit its model and negotiate to build its urgent
care platform.
About American CareSource Holdings, Inc.
American CareSource Holdings is the owner and operator of a
growing chain of urgent care centers located in Georgia, Florida,
Alabama, Virginia and the southeastern United States. American
CareSource strives to improve access to quality medical care by
offering extended hours and weekend service and also by accepting
patients by appointment and on a walk-in basis. The centers offer a
broad range of medical services falling within the classification
of urgent care, primary care, family practice and occupational
medicine. We offer non-emergent, out-patient medical care for the
treatment of acute, episodic, and some chronic medical problems
such as colds, flu, ear infections, hypertension, asthma, and
pneumonia. In addition the centers treat minor injuries, perform
minor surgeries and conduct diagnostic tests such as x-rays and
drug tests. The Company's centers will provide consumers with
alternatives to address challenges created by limited access to
care and rising health care costs. The Company also operates a
national network of ancillary care providers that includes
approximately 4,800 ancillary service providers and approximately
33,000 sites. For additional information, please visit
www.americancaresource.com.
CONTACT: Investor Relations Contact:
Adam Winger, General Counsel and
Acting Chief Financial Officer
awinger@americancaresource.com
(205) 250-8381
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