SOURCE: University General Health System, Inc.

University General Health System, Inc.

June 23, 2011 16:57 ET

University General Health System, Inc. Broadens Strategic Acquisition Plan

HOUSTON, TX--(Marketwire - Jun 23, 2011) - University General Health System, Inc. (OTCQB: UGHS) (PINKSHEETS: UGHS), a diversified, integrated multi-specialty health delivery system, today announced a strategic plan to expand its acquisition criteria to include free-standing general acute care hospitals in key markets, diagnostic imaging clinics, senior living communities and other ancillary service entities that will complement the Company's delivery system.

"We have identified a number of key acquisition prospects that we believe can benefit our growth strategy, including expansion geographically into markets outside the Houston area," stated Hassan Chahadeh, M.D., Chairman, President and Chief Executive Officer of University General Health System, Inc. "In order to develop a more comprehensive regional network that will allow us to expand nationally, we will begin acquiring key assets wherein we can leverage management talent and operational expertise to accelerate our growth. We are currently exploring undervalued acquisition targets in underserved markets with significant physician support, primarily in the Southern and Southeastern regions of the United States. We believe this approach is consistent with a measured and focused expansion of the strategic plan we adopted when electing to become a public company."

University General Health System, Inc.

University General Health System, Inc. ("University General") is a diversified, integrated multi-specialty health care provider that delivers concierge physician- and patient-oriented services by providing timely, innovative health solutions that are uniquely competitive, efficient, and adaptive in today's health care delivery environment. The Company currently operates one hospital, two free-standing emergency rooms, and one ambulatory surgical center in the Houston area, and it plans to complete multiple acquisitions in 2011 and future years in Houston and other markets.

A fully-reporting company, University General Health System, Inc. is headquartered in Houston, Texas, and its common stock trades on the OTCQB Exchange under the symbol "UGHS".

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

Contact Information

  • For Additional Information, Please Contact:

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400
    email at info@rjfalkner.com