Orion HealthCorp Announces Results of Special Meeting
2006年11月28日 - 5:08AM
ビジネスワイヤ(英語)
Orion HealthCorp, Inc. (AMEX: ONH) today announced that its
shareholders have approved seven proposals this morning at a
special meeting. The following seven proposals were approved by
shareholders at today�s meeting: Proposal I � Amendment to
Certificate of Incorporation to increase the number of shares of
authorized capital stock; Proposal II � Amendment to Certificate of
Incorporation to increase the number of authorized shares of Class
A Common Stock; Proposal III � Amendment to Certificate of
Incorporation to create new class of common stock, Class D Common
Stock; Proposal IV � Issuance of shares of Class D Common Stock in
a private placement; Proposal V � Issuance of a warrant to purchase
shares of Class A Common Stock in a private placement; Proposal VI
� Issuance of shares of Class A Common Stock as consideration for
an acquisition; and Proposal VII � Amendment to 2004 Incentive
Plan. Terrence L. Bauer, chief executive officer of Orion
HealthCorp, said, �We are very pleased that our shareholders have
chosen to support our company by their affirmative vote of today�s
agenda items. The actions taken today will allow us to continue to
implement our business plan.� Orion HealthCorp, Inc. provides
complementary business services to physicians through two wholly
owned subsidiaries: Integrated Physician Solutions, Inc., providing
business and management services to physician practices; and
Medical Billing Services, Inc., providing physician billing and
collection services and practice management solutions to
hospital-based physicians. The core competency of the Company is
its long-term experience and success in working with and creating
value for physicians. For more information on Orion HealthCorp,
Inc., visit the Company�s website at www.orionhealthcorp.com.
Certain statements in this press release constitute
�forward-looking statements� within the meaning of the Securities
Act of 1933, as amended, and the Securities Exchange Act of 1934,
as amended (the �Acts�). Any statements contained herein that are
not statements of historical fact are deemed to be forward-looking
statements, including all statements regarding improving financial
metrics and future growth. The forward-looking statements in this
press release are based on current beliefs, estimates and
assumptions concerning the operations, future results, and
prospects of Orion HealthCorp, Inc. and the other companies
described herein. As actual operations and results may materially
differ from those assumed in forward-looking statements, there is
no assurance that forward-looking statements will prove to be
accurate. Forward-looking statements are subject to the safe
harbors created in the Acts. Any number of factors could affect
future operations and results, including without limitation,
changes in federal or state healthcare laws and regulations and
third party payer requirements, changes in costs of supplies, the
loss of major customers, increases in labor and employee benefit
costs, the failure to obtain continued forbearance on the Company's
revolving lines of credit as a result of the Company's default of
its financial covenants, increases in interest rates on the
Company's indebtedness as well as general market conditions,
competition and pricing, and the Company's ability to successfully
implement its business strategies, including the impact and expense
of any potential acquisitions and the ability to obtain necessary
approvals and financing. Orion HealthCorp, Inc. undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of new information or future events. Orion
HealthCorp, Inc. (AMEX: ONH) today announced that its shareholders
have approved seven proposals this morning at a special meeting.
The following seven proposals were approved by shareholders at
today's meeting: Proposal I - Amendment to Certificate of
Incorporation to increase the number of shares of authorized
capital stock; Proposal II - Amendment to Certificate of
Incorporation to increase the number of authorized shares of Class
A Common Stock; Proposal III - Amendment to Certificate of
Incorporation to create new class of common stock, Class D Common
Stock; Proposal IV - Issuance of shares of Class D Common Stock in
a private placement; Proposal V - Issuance of a warrant to purchase
shares of Class A Common Stock in a private placement; Proposal VI
- Issuance of shares of Class A Common Stock as consideration for
an acquisition; and Proposal VII - Amendment to 2004 Incentive
Plan. Terrence L. Bauer, chief executive officer of Orion
HealthCorp, said, "We are very pleased that our shareholders have
chosen to support our company by their affirmative vote of today's
agenda items. The actions taken today will allow us to continue to
implement our business plan." Orion HealthCorp, Inc. provides
complementary business services to physicians through two wholly
owned subsidiaries: Integrated Physician Solutions, Inc., providing
business and management services to physician practices; and
Medical Billing Services, Inc., providing physician billing and
collection services and practice management solutions to
hospital-based physicians. The core competency of the Company is
its long-term experience and success in working with and creating
value for physicians. For more information on Orion HealthCorp,
Inc., visit the Company's website at www.orionhealthcorp.com.
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933, as amended, and the Securities Exchange Act of 1934,
as amended (the "Acts"). Any statements contained herein that are
not statements of historical fact are deemed to be forward-looking
statements, including all statements regarding improving financial
metrics and future growth. The forward-looking statements in this
press release are based on current beliefs, estimates and
assumptions concerning the operations, future results, and
prospects of Orion HealthCorp, Inc. and the other companies
described herein. As actual operations and results may materially
differ from those assumed in forward-looking statements, there is
no assurance that forward-looking statements will prove to be
accurate. Forward-looking statements are subject to the safe
harbors created in the Acts. Any number of factors could affect
future operations and results, including without limitation,
changes in federal or state healthcare laws and regulations and
third party payer requirements, changes in costs of supplies, the
loss of major customers, increases in labor and employee benefit
costs, the failure to obtain continued forbearance on the Company's
revolving lines of credit as a result of the Company's default of
its financial covenants, increases in interest rates on the
Company's indebtedness as well as general market conditions,
competition and pricing, and the Company's ability to successfully
implement its business strategies, including the impact and expense
of any potential acquisitions and the ability to obtain necessary
approvals and financing. Orion HealthCorp, Inc. undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of new information or future events.
Orion Healthcorp (AMEX:ONH)
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