DEERFIELD BEACH, Fla., Jan. 15, 2004 (PRIMEZONE) -- Florida HealthSource, a division of iBX Group, Inc. (OTCBB:IBXG), said today that it has contracted with more than 25 new healthcare providers to join its statewide workers compensation referral network, which maintains access to patients across Florida. Revenue estimates for the division remain steady at $6 million for 2004, company officials said.
"The new providers to our network primarily include physical therapists and occupational therapists, as well as pain management specialists, and reflect Florida HealthSource's overall strategy of meeting the growing need for rehabilitation services in Florida," said Colleen O'Toole, Managing Director for Florida HealthSource. "Our new locations will allow us to reach healthcare consumers in several underserved communities throughout the state."
During the past year, Florida HealthSource has acquired or brought under management 18 healthcare centers that provide a variety of physical therapy, rehabilitation, chiropractic and wellness services. The company's flagship healthcare center in Boca Raton features several of iBX's products and services designed specifically for the healthcare industry including TheraTouch, a unique clinical massage device. The user-friendly apparatus can be programmed by therapists to deliver customized massage therapy sessions and is expected to help maximize patient referrals.
The Boca Raton clinic will also introduce ActiPatch, an FDA-approved, coin-sized patch that releases electromagnetic therapy to treat and speed healing of soft tissue injuries, surgical wounds, sprains and muscle strains; as well as several of iBX's technology services, including digital transcription services, Internet-enabled management applications, and advanced document management and storage options.
Based in Deerfield Beach, Florida, iBX Group Inc. develops and deploys creative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of five divisions -- iBX Technologies, which enables healthcare organizations to maximize collections of their accounts receivables; Florida HealthSource, a network of physical therapy and wellness centers; MediCompliant Solutions, which ensures medical practices' compliance with today's complex legal requirements; iBX Transcription Services, which offers physicians quick turn-around and Web-accessible progress reports; and NursesSTAT, which deploys leading-edge staffing administration technology to healthcare facilities and provides cost-effective temporary staffing solutions. iBX also owns SportshealthNet.com, an interactive Web portal providing consumers with comprehensive healthcare information and advice, and increasing physician referrals.
Media Relations Contact: Andrew M. Rose, 954-428-2678 or andy@marketingink.net
This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission.