HOUSTON, Jan. 17, 2002 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) company, announced that it anticipates rolling out its nationwide expansion plans at the 28th annual Federated Ambulatory Surgical Association (FASA) scheduled for April 17-20 in San Antonio, Texas.
FASA is a nonprofit association representing the interests of ambulatory surgery centers throughout the nation. FASA represents all aspects of the industry including the physicians, nurses, administrative staff, and owners.
SurgiCare will be one of the event's Gold sponsors and plans to launch its national marketing campaign at the event, that is expected to be well attended by physicians and surgery center owners.
"We believe this is the ideal forum to launch our aggressive growth strategy," said Charles S. Cohen, SurgiCare's Co-Chief Executive Officer. "We have demonstrated that we can successfully build, acquire and grow surgery centers in Texas and are now ready to replicate our business model in select areas throughout the country. A key element of this plan is the ability to reach doctors in an efficient manner. We are highly confident that once other physicians and surgery center owners realize the benefits of partnering with SurgiCare, they will want to become part of our rapid growth. We have been profitable each quarter since we have been a public company, and believe that we can continue to form relationships that are accretive for shareholders."
About FASA
The Federated Ambulatory Surgical Association is a non-profit association representing the interests of ambulatory surgery centers (ASCs) throughout the nation. FASA represents all aspects of the industry including the physicians, nurses, administrative staff, and owners.
As the leading ASC organization, FASA represents the industry before the media, Congress, state legislatures, and regulatory bodies. FASA advocates for insurance coverage by Medicare and private payers, quality standards, and reasonable conditions of coverage.
FASA publishes a bimonthly journal and several studies and other publications to inform its members and the public. In addition, FASA conducts educational programs on a variety of topics.
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 that do not require 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. SurgiCare has assembled a team of highly qualified industry professionals that are equipped to effectively manage multiple ASCs, essentially cutting operational costs and increasing profit margins. For more information on SurgiCare, please visit the company's Web site at http://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 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.