Tri-Isthmus Group, Inc. Announces Initial Closings on the Acquisition of 2 Ambulatory Surgery Centers
2006年3月15日 - 11:29PM
PRニュース・ワイアー (英語)
LA JOLLA, Calif., March 15 /PRNewswire-FirstCall/ -- Tri-Isthmus
Group, Inc. (the "Company" or "TIGroup") (OTC:TISG) (BULLETIN
BOARD: TISG) completed its initial closings on two ambulatory
surgery centers ("ASC") located in Southern California. TIGroup(TM)
signed contracts to acquire 51% of the two ASCs in December 2005
pending completion of various closing conditions. TIGroup(TM) has
closed on an initial 19.99% ownership in each ASC. Upon completion
of the audits of each center, TIGroup(TM) shall close on the
remaining 31.01% as per its purchase agreements, making it the 51%
owner and general partner of each business. The second closing
shall permit the Company to consolidate the operating results of
each ASC into TIGroup(TM). David Hirschhorn, Co-CEO of TIGroup(TM)
commented, "This is another important step for us in building our
business momentum. Our initial closings of the Point Loma and Del
Mar ASC's are expected to be the first in a series of transactions
that we plan to undertake during this fiscal year." Mr. Hirschhorn
added, "We have a number of transactions in our pipeline under
review including a strategic relationship with a national
management firm to enhance our operating infrastructure."
TIGroup(TM) is seeking opportunities to both invest in and acquire
ambulatory surgery centers, imaging centers and those firms that
manage these businesses domestically and internationally. About
Tri-Isthmus Group, Inc. TIGroup(TM) is a public holding company
focused on the acquisition of private businesses in the healthcare,
business and energy services sectors. The company actively seeks
out profitable or near profitable businesses that provide a
platform for accelerated growth via additional acquisitions and
attractive internal growth dynamics. The TIGroup(TM) team, board
and advisory board combine significant experience in operations,
acquisitions, financing, asset management, turnarounds and the
management of private and public companies. TIGroup(TM) makes its
investments in the healthcare services sector through its
subsidiary, Surgery Center Acquisitions Holdings, Inc. TIGroup has
offices in La Jolla, CA, and is listed on the OTCBB, trading symbol
TISG.OB. Forward-Looking Statements This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, Section 21E of the Securities
Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995, including, among others (i)
prospective business opportunities and (ii) Tri-Isthmus Group's
potential strategies for redirecting and financing its business.
Forward-looking statements are statements other than historical
information or statements of current condition. These statements
involve risks and uncertainties that cannot be predicted or
quantified, and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Such risks and uncertainties include the factors detailed in the
Company's Annual Report on Form 10-K filed with the Securities and
Exchange Commission. These statements speak as of the date of this
release, and the Company undertakes no obligation to update these
statements in light of future events or otherwise. For more
information contact: David Hirschhorn at (818) 887-6659.
DATASOURCE: Tri-Isthmus Group, Inc. CONTACT: David Hirschhorn of
Tri-Isthmus Group, Inc., +1-818-887-6659
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