HOUSTON, Dec. 5, 2001 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) company, announced today that James C. Dyer IV, an executive at a business unit of El Paso Corporation (NYSE:EPG), has been appointed to its Board of Directors.
"We are delighted that we are able to attract an executive of Mr. Dyer's stature," said Charles S. Cohen, SurgiCare's Co-Chief Executive Officer. "We have taken steps recently to develop the infrastructure to support our rapid expansion plans and his experience and extensive contacts should prove invaluable as we open news ASCs across the country."
Mr. Dyer is currently Senior Managing Director, Petroleum Origination for the Merchant Energy Group at El Paso Corporation. Prior to joining El Paso, he was the Chief Operating Officer of Coastal Merchant Energy. He earned his Ph.D. in Economics from Rice University and a Masters degree in Accounting from the University of Kansas.
About SurgiCare, Inc.
SurgiCare, Inc., offers licensed, freestanding Ambulatory Surgery Centers for use by physicians and its physician partners and their patients. Freestanding refers to the fact that the facilities are physically and organizationally independent from a hospital. Ambulatory Surgery means surgical procedures that do not require hospitalization after the surgery. The ASCs are run under the guidance of a committee of physician partners. SurgiCare's goal is to grow through mergers, acquisitions and turnkey management contracts in conjunction with physician-involved supervision and potential equity participation within a public company model. SurgiCare has assembled a team of highly qualified industry professionals that are equipped to effectively manage multiple ASCs, essentially cutting operational costs and increasing profit margins. For more information on SurgiCare, please visit the company's Web site at www.surgicareinc.com.
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