MIAMI--(BUSINESS WIRE)--Pacer Health Corporation (OTCBB:
PHLH -
News), a Miami-based owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities, announced today that it has finalized an agreement to acquire Family Medical Associates, a multi-specialty physician's clinic and imaging center in Greensboro, Georgia.
Family Medical Associates offers family and internal medicine, cardiology, gastroenterology, gynecology, general surgery, orthopedics, ear, nose, and throat surgery, pain management, urology and facial plastic surgery. The facility also has an imaging center with the only open MRI in the Greensboro area.
The agreement will merge the two companies to expand the healthcare services offered to Greene County and surrounding residents. "It was important to Pacer to work with area physicians to grow Greene County healthcare as a community," said Rainier Gonzalez, Chairman and CEO of Pacer Health. "The acquisition of Family Medical Associates into the Pacer Health portfolio will allow the company to continue to grow and expand its healthcare and hospital services in the Greensboro area."
Family Medical Associates will add approximately $2.5 million in net revenue to Pacer's top line. Details about the purchase have not been disclosed.
About Pacer Health Corporation
Pacer Health Corporation is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast. Please visit http://www.pacerhealth.com for more information.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.
