American CareSource Holdings Appoints Sami S. Abbasi to the Board of Directors
September 08 2008 - 7:05AM
Marketwired
American CareSource Holdings, Inc. (AMEX: XSI) today announced the
appointment of Sami S. Abbasi to the Company's Board of Directors,
increasing the Board to seven members.
Commenting on today's news, David S. Boone, Chief Executive
Officer of American CareSource, stated, "We are delighted to
welcome Sami to the Company's Board. As American CareSource
continues to expand its range of ancillary care services as well as
its client base and national footprint, Sami's deep experience,
culled from over 20 years in the healthcare services industry, will
be invaluable to our efforts. In particular, we look forward to
leveraging Sami's proven leadership, managerial and financial
expertise, as well as his broad contacts in the industry."
Since January 2007, Mr. Abbasi has served as Chairman and Chief
Executive Officer of National Surgical Care, Inc., the owner and
operator of a network of 24 surgery centers in partnership with
physicians and healthcare systems across the U.S. Prior to that,
Mr. Abbasi spent 10 years in various positions at Radiologix, Inc.,
a publicly held national provider of diagnostic imaging services,
where he most recently held the title of President and Chief
Executive Officer. Before that, Mr. Abbasi served as Senior Vice
President, Chief Financial Officer and Chief Operating Officer of
AdminQuest, Inc., a venture-backed start-up that provided
web-enabled and full-service outsourcing solutions to the insurance
and benefits industry. Prior experience also includes positions as
Vice President, Health Care Group at Roberston, Stephens &
Company, where he was responsible for investment banking and
transaction execution for companies in the healthcare services
industry, and numerous positions in banking and finance at
Citigroup Inc.
Mr. Abbasi earned his Bachelor of Arts degree from The
University of Pennsylvania and his Masters of Business
Administration from The University of Rochester. He also serves as
Director and Chairman of the Audit Committee for Behringer Harvard
Multifamily REIT I, Inc.
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, including with respect to future engagements by clients,
revenue growth, earnings, and guidance are forward-looking
statements. It is possible that the assumptions made by American
CareSource Holdings, Inc. for purposes of such statements may prove
to be inaccurate or 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
demand for our services, pricing, market acceptance, our ability to
integrate with our clients, our ability to attract and maintain
providers, our ability to manage growth, the effect of economic
conditions, and the affect of competitive services, 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.
David S. Boone Chief Executive Officer American CareSource
Holdings, Inc. Tel: 972-308-6830
American Caresource Holdings (AMEX:XSI)
Historical Stock Chart
From Jul 2024 to Aug 2024
American Caresource Holdings (AMEX:XSI)
Historical Stock Chart
From Aug 2023 to Aug 2024