SOURCE: InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc.

November 10, 2010 08:00 ET

InfuSystem Holdings Announces Share Repurchase Program

MADISON HEIGHTS, MI--(Marketwire - November 10, 2010) -  InfuSystem Holdings, Inc. (OTCBB: INHI) (OTCBB: INHIW) (OTCBB: INHIU), the leading provider of infusion pumps and associated clinical services, announced today that its Board of Directors has authorized a share repurchase program of up to $2 million of the Company's outstanding common shares. The repurchase program will be funded by the Company's available cash balance. The Board of Directors believes that a share repurchase program would be in the best interests of the Company and its shareholders, and that it will not impact the Company's ability to execute its growth plans.

Stock repurchases may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as the management deems to be appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, financing and regulatory requirements, as well as other market conditions. The program does not require the Company to repurchase any specific number of shares or to complete the program within a specific period of time.

About InfuSystem Holdings, Inc.

InfuSystem is the leading provider of infusion pumps and related services. InfuSystem services hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, InfuSystem delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada.

Contact Information

  • Sean Whelan
    CFO
    InfuSystem
    (248) 291-1210

    Investor Contacts:
    Asher Dewhurst
    Bob East
    Westwicke Partners
    Email Contact
    Tel: (443) 213-0500