SOURCE: First Choice Healthcare Solutions, Inc.

First Choice Healthcare Solutions, Inc.

January 16, 2014 15:14 ET

First Choice Healthcare Solutions Announces Preliminary Fourth Quarter and Full Year 2013 Unaudited Revenue Results

Company Expects to Report Record Revenues of Approximately $6.5 Million for 2013, Up 70% Over the Prior Year

MELBOURNE, FL--(Marketwired - Jan 16, 2014) - First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) ("FCHS"), a diversified holding company focused on delivering clinically superior, patient-centric, multi-specialty care through state-of-the-art medical centers of excellence, today announced preliminary unaudited revenues for the three months and full year ended December 31, 2013. 

Preliminary unaudited revenues for the fourth quarter of 2013 is expected to be approximately $1.9 million, up approximately 60% over total revenues of $1.2 million reported for the same three month period in the prior year. Preliminary unaudited revenues for the full year 2013 is expected to approximate $6.5 million, up over 70% when compared to total revenues of approximately $3.8 million generated in 2012.

Chris Romandetti, President and CEO of First Choice, stated, "Our efforts to perpetuate strong growth of our flagship Medical Center of Excellence in Melbourne, Florida proved markedly successful in the fourth quarter of 2013 and helped to end our year on a very high note. We continue to be very pleased with our progress on proving that our Center of Excellence approach to delivering superior medical care is the right way to build and operate a profitable, high growth business in today's fast evolving healthcare industry, and we look forward to begin the exciting process of replicating our model through expansion into new geographic markets in the current year."

Because the Company's results of operations for fiscal year 2013 have not yet been finalized, the preliminary results included in this press release are subject to change as a result of the period end closing process and the audit of its financial statements by its independent registered public accounting firm. First Choice expects to announce its audited 2013 financial results on or before March 31, 2014, at which time management also plans to host a public conference call and webcast to discuss the results.

About First Choice Healthcare Solutions, Inc.
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is actively engaged in owning and operating multi-specialty medical centers of excellence throughout the southeastern U.S., which are distinguished as premier destinations for clinically superior, patient-centric care. Through its wholly owned subsidiary FCID Medical, Inc., the Company operates its flagship center, First Choice Medical Group, which specializes in the delivery of musculoskeletal medicine and rehabilitative care. FCHS' commercial real estate interests, which house its medical centers of excellence, are managed by its wholly owned subsidiary, FCID Holdings, Inc. For more information, please visit www.myfchs.com or www.myfcmg.com

Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations, estimates and projections about our industry, management beliefs and certain assumptions made by our management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.

Contact Information

  • For additional information, please contact:
    HANOVER|ELITE
    Kathy Addison
    Chief Operating Officer
    Phone: 407-585-1080
    Email: FCHS@hanoverelite.com