American Caresource Holdings, Inc. completed the acquisition of Medac Health Services, P.A.
December 14, 2015
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American Caresource Holdings, Inc. (NasdaqCM:ANCI) agreed to acquire Medac Health Services, P.A. for $5.6 million on July 31, 2015. American Caresource Holdings will pay $4.99 million in cash, $0.61 million in escrow and $0.56 million in notes. American CareSource will manage the operations of Medac's four urgent care centers and its staffing business. Medac Health has reported total assets and shareholder's equity of $2.43 million and net income of $0.54 million for the year ended December 31, 2014. The transaction is subject to obtaining financing. On October 20, 2015, the acquisition closing was postponed to November 20, 2015 and then to December 20, 2015. W. Berry Trice of Murchison Taylor & Gibson acted as legal advisor for Medac Health Services.
American Caresource Holdings, Inc. (NasdaqCM:ANCI) completed the acquisition of Medac Health Services, P.A. on December 15, 2015.
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. 
