NEW YORK, Sept. 21, 2001 (PRIMEZONE) -- Taglich Brothers has upgraded SurgiCare (AMEX:SRG) to a Speculative Buy from a Not Rated, with a fifteen-month price target of $7.50.
SurgiCare has demonstrated that it is well positioned to continue expanding over the next few years while growing both revenues and earnings. The Company's recent partnership agreement with Cirrus Health Services has already given rise to the Company's fourth center, Bayside SurgiCare Ambulatory Surgery Center, in Houston. SurgiCare and Cirrus have also begun construction on the Park Cities SurgiCare Ambulatory Surgery Center in Dallas, scheduled to be completed in the summer of 2002. In addition, the two company's plan to co-develop and manage a specialty hospital focused on specific surgical procedures and associated support services, located in North Houston. SurgiCare owns and operates ambulatory surgery centers in the Houston area.
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