SOURCE: American CareSource

American CareSource

March 05, 2009 06:30 ET

American CareSource Holdings Corrects Information Included in Bloomberg Article Dated March 4, 2009

DALLAS, TX--(Marketwire - March 5, 2009) - American CareSource Holdings, Inc. (NASDAQ: ANCI) announced today a correction to an article released by Bloomberg on March 4, 2009. The article was based on an interview with American CareSource Chief Executive Officer David S. Boone and Chief Financial Officer Steven J. Armond, held on March 2, 2009.

The following is the correct information:

--  To date, the Company has not provided financial guidance for 2009 or
    subsequent years. As such, the Company expects to provide revenue guidance
    for 2009 in connection with the release of its full year 2008 financial
    results in March of 2009.
    

About Ancillary Healthcare Services

American CareSource provides ancillary healthcare 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.

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 conditions, and the affect of competitive services, 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 Information

  • Contact:
    Steven J. Armond
    Chief Financial Officer
    American CareSource Holdings, Inc.
    Tel: 972-308-6847