HANOVER, Maryland, June 14, 2004 (PRIMEZONE) -- Dialysis Corporation of America (Nasdaq:DCAI) announced the development of a new facility in conjunction with Richmond Nephrology Associates, to be located in Ashland, Virginia.
President Stephen Everett commented, "We are thrilled to be working in collaboration with such a reputable group as Richmond Nephrology Associates. This new facility will be our second in the area, and is in line with current expansion plans."
The new facility will offer state-of-the-art equipment and technology, be designed with patient comfort in mind, and include 15 treatment stations, along with a Peritoneal Suite for patients opting for that modality. It will be the fifth new center scheduled for opening in 2004, bringing the total number of dialysis centers owned or managed by the company to twenty-one.
Dialysis Corporation of America owns and operates freestanding kidney hemodialysis centers located in Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina and Virginia, and provides in-hospital dialysis services on a contract basis to certain hospitals located in those states. The company provides patients with their choice of a full range of quality in-center, acute or at-home hemodialysis services.
This release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results and plans to differ materially from those anticipated. Those factors include, but are not limited to, certain 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 our facilities can expand to provide profitability, regulation of dialysis operations, government rate determination for Medicare reimbursement, and other risks detailed in the company's filings with the Securities and Exchange Commission, particularly as described in the company's annual report on Form 10-K for the fiscal year ended December 31, 2003.
Other Dialysis Corporation of America press releases, corporate profile, corporate governance materials, and the most recent annual report on Form 10-K for the year ended December 31, 2003, and our first quarterly report for fiscal 2004 are available on Dialysis Corporation of America's internet home page: http://www.dialysiscorporation.com.