SurgiCare's CEO to Address Premier Securities Analysts Forum

Dr. Blumfield to be Featured Speaker at the New York Society of Security Analysts' Health Care Conference


HOUSTON, Feb. 16, 2001 (PRIMEZONE) -- SurgiCare, Inc. (OTCBB:SXCR), a Houston-based Ambulatory Surgical Center (ASC) provider, announced today that its CEO, Dr. David Blumfield will be a featured speaker at the fifth annual New York Society Analysts Health Care Conference this March 26-28.

The conference is mainly geared toward institutional investors who are seeking to gain a better understanding of the health care system as well as insight into specific investment opportunities. The health care conference will address and highlight the segments of the medical services industry that are best positioned to benefit from both technical and traditional advances occurring throughout the health care industry.

"This health care conference is a truly unique opportunity to deliver SurgiCare's message directly to major financial analysts and investment professionals," says Dr. David Blumfield, CEO of SurgiCare, Inc. "As the largest group of investment professionals in the country, the New York Society of Security Analysts is the premier audience for us to be able to present our business plan and initiatives and strategies for continued growth."

Since 1937, the New York Society of Security Analysts has been the leading forum in the United States for the exchange of investment information between senior corporate officials and financial analysts, portfolio managers and others involved in the investment decision making process. The organization consists of over 6,000 members, making it the largest group of investment professionals in the US. The organization is a member of the Association for Investment Management and Research (AIMR).

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, which do not require overnight hospitalization after the surgery. The ASC's 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. For more information on SurgiCare, please visit the company's Web site at www.surgicareinc.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expression. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of SurgiCare, Inc., (the Company) to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the Company's Annual Reports and other filings with the Securities and Exchange Commission.) In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof. Merger Communications (Merger) is a media relations firm employed by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. According to the long-term agreement between Merger and the Company, Merger's compensation for its financial media relations services, which includes the preparation and distribution of press releases, consists of thirty-five hundred dollars per month. Merger, its officers and employees currently own forty-two hundred and ninety shares of the Company's restricted stock. Merger typically has a long position in the securities of the companies in which it publishes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Merger's services, visit www.mergerusa.com.



            

Mot-clé


Coordonnées