American CareSource Announces Strategy to Enter Urgent Care Market; Appoints Richard W. Turner as Chief Executive Officer
April 29, 2014 at 05:40 pm EDT
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American CareSource Holdings announced a major strategic decision to enter the fast-growing, and highly fragmented urgent care market. The Board's decision to transition is a natural and appropriate evolution of the company's long-held mission: Helping people receive high-quality, affordable and conveniently located health care. Initial acquisitions are expected to occur in mid-2014. In entering the urgent care market, the company intends to leverage its Board and senior management teams, reputation, capital market relationships, significant experience, and its successful track record of building health care services companies and also delivering quality care. Urgent care centers are one of the fastest-growing areas in American health care, a surge driven by the expansion of private health coverage, the Patient Protection and Affordable Care Act and the corresponding need being driven by legislative mandate.
The company also announced that its Board has named Dr. Richard W. Turner its Chief Executive Officer, in addition to his role as Chairman of the Board, to lead the organization into the urgent care market. Dr. Tuner has been a director of the Company since 2011, and previously was Chief Executive Officer and Chairman of the Board of Conmed Healthcare Managemen. Throughout his career, Dr. Turner has focused on building the value of publicly traded health care-focused organizations.
American CareSource Holdings, Inc. is a provider of urgent and primary care services. The Company owns and operates over 10 urgent and primary care centers in the east and southeastern United States. The Company operates through urgent and primary care business segment. The Company's services provided at its centers include treatment of general medical problems, including colds, influenza, ear infections, hypertension, asthma, pneumonia, urinary tract infections and other conditions typically treated by primary care providers; treatment of injuries, such as simple fractures, dislocations, sprains, bruises and cuts; minor, non-emergent surgical procedures, including suturing of lacerations and removal of cysts and foreign bodies; diagnostic tests, such as x-rays, electrocardiograms, complete blood counts and urinalyses, and occupational and industrial medical services, including drug testing, workers' compensation cases and physical examinations.
AMERICAN CARESOURCE HOLDINGS, INC. 
