LINTHICUM, Md., March 20, 2007 (PRIME NEWSWIRE) -- Dialysis Corporation of America (Nasdaq:DCAI) announced the acquisition of a dialysis center in Selinsgrove, PA. The center has a total of 10 treatment stations, and an anticipated initial patient census of approximately 40 patients.
President and CEO Stephen Everett commented, "We expect our new Selinsgrove facility, which is located between our Harrisburg and Wellsboro markets, to be another success story for DCA. We are inheriting a great group of caregivers in a community with several excellent nephrologists."
Dialysis Corporation of America currently owns or manages 34 free standing kidney hemodialysis centers in Pennsylvania, New Jersey, Georgia, Ohio, Maryland, Virginia and South Carolina providing patients with a full range of quality in-center, and at-home hemodialysis services, as well as providing in-hospital services in many of our markets. With the completion of the centers under development, DCA will have 36 centers in operation.
This release contains forward-looking statements that are subject to risks and uncertainties that could affect the business and prospects of the company and cause actual results and plans to differ materially from those anticipated. Those factors include, but are not limited to, maintaining continued growth and profitability, delays beyond the company's control with respect to future business events, the highly competitive environment in the establishment and operation of dialysis centers, the ability to develop or acquire additional dialysis facilities, whether patient bases of the company's dialysis facilities can mature to provide profitability, the extensive regulation of dialysis operations, government rate determination for Medicare reimbursement, pricing pressure from private payors, and other risks detailed in the company's filings with the SEC, particularly as described in the company's annual report on Form 10-K for the fiscal year ended December 31, 2005. The historical results contained in this press release are not necessarily indicative of future performance of the company.
The company's press releases, corporate profile, corporate governance materials, quarterly and current reports, and other filings with the SEC are available on Dialysis Corporation of America's Internet home page: http://www.dialysiscorporation.com.