American CareSource Holdings Signs Two New Client Agreements With Union Organizations in Midwest
July 14 2008 - 7:05AM
Marketwired
DALLAS, TX announced today that it has signed new client service
contracts with Iron Workers Local 295 Trust Fund, representing Iron
Workers throughout the state of Indiana, and Operative Plasterers
& Cement Masons Local 692, representing Plasterers and Mason
Workers in Northwest Indiana. Both Local #395 and Local #692 are
Taft-Hartley Health/Benefits Welfare Trust Funds.
Private sector unionized employees, including the building and
construction trades, can obtain comprehensive health and other
benefits through Taft-Hartley funds, also referred to as
multiemployer plans. Taft-Hartley funds create economies of scale
cost-savings because of their central administration and the
pooling of resources. Under the two agreements, American CareSource
will make available its full range of ancillary care services to
each Union's member base through a network of ancillary care
providers.
Commenting on today's news, David S. Boone, Chief Executive
Officer of American CareSource, stated, "Winning these two new
accounts represents another important milestone for the Company. We
are extending our reach into the important union market in the
Midwest. We are honored to have been chosen by these two important
Indiana-based unions to provide their growing constituencies with
value added, affordable ancillary healthcare benefits as an
enhancement to their current programs. These agreements testify to
the high-quality reputation of American CareSource and over time,
we are looking forward to these new contracts paving the way for
additional relationships with other key union organizations across
the country."
About Ancillary Healthcare Services
American CareSource provides ancillary healthcare services
through its network that offers cost effective alternatives to
physician and hospital-based services. This market is estimated at
$574 billion, and has grown to 30% of total national health
expenditures. These providers offer services in over 30 categories,
including laboratories, dialysis centers, free-standing diagnostic
imaging centers, non-hospital surgery centers, as well as durable
medical equipment such as orthotics and prosthetics, and
others.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly
traded ancillary care network services company offers a
comprehensive national network of approximately 2,500 ancillary
service providers at over 25,000 sites. The Company's ancillary
network and management provides a complete outsourced solution for
a wide variety of healthcare payors and plan sponsors including
self-insured employers, indemnity insurers, PPOs, HMOs, third party
administrators and both federal and local governments. For
additional information, please visit www.anci-care.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
Any statements that are not historical facts contained in this
release are forward-looking statements. It is possible that the
assumptions made by American CareSource Holdings, Inc. for purposes
of such statements may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Such statements may involve further risks and
uncertainties, including but not limited to those relating to
product demand, pricing, market acceptance, the effect of economic
conditions, and intellectual property rights, and the outcome of
competitive products, risks in product development, the ability to
complete transactions, and other risks identified in this release,
and the Securities and Exchange Commission filings of American
CareSource Holdings, Inc.
Contact: David S. Boone Chief Executive Officer American
CareSource Holdings, Inc. Tel: 972-308-6830
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