HOUSTON, Aug. 1, 2001 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) provider, announced today that it has appointed Robert J. Horn as its Chief Financial Officer. Mr. Horn has assumed immediate responsibility for the oversight of SurgiCare's financial operations. He will assist the company in dealing with the public markets, where he will be able to draw upon his 30+ years of senior management and financial expertise gained through working within the banking industry and as an executive and consultant to both public and private companies.
Prior to joining SurgiCare, Mr. Horn founded and served as President and CEO of The Public Group, a consulting group that shepherds companies through the processes of going public and raising capital. He also recently served as CFO for ebaseOne Corporation, helping it to raise significant venture capital, building the technology company's market cap to more than $200 million. Mr. Horn spent most of his career as a commercial banker at the executive level, most notably as the long-time President & CEO of a First City Bank in Houston. He is widely considered to be one of the foremost authorities on electronic cash management systems.
"Bob Horn is very well known and highly respected within the financial community," said Dr. David Blumfield, Chief Executive Officer of SurgiCare. "We are delighted to have him as a member of our team. His many years of experience, his business sense and his understanding of public markets and venture capital are invaluable. He will be a real asset to SurgiCare as we continue our rapid expansion."
Mr. Horn received a bachelor's degree in business administration from Arizona State University. He received post-graduate money and banking training from BAI. He has also been certified to execute NAFTA transactions by the Export-Import Bank.
About SurgiCare, Inc.
SurgiCare, Inc., currently traded on the American Stock Exchange under the symbol SRG, 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 overnight 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. For more information on SurgiCare, please visit the company's Website 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 expressions. 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 alert 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.