Tri-Isthmus Group, Inc. Partners With Innovative Healthcare Management Inc.
2007年2月21日 - 4:44AM
PRニュース・ワイアー (英語)
POWAY, Calif., Feb. 20 /PRNewswire-FirstCall/ -- Tri-Isthmus Group,
Inc. (the "Company" or "TIGroup") (OTC:TISG) (BULLETIN BOARD: TISG)
has partnered with Innovative Healthcare Management Inc. ("IHM")
to: -- Work with the Company's existing ambulatory surgery center
("ASC") investments, -- Join TIGroup's advisory board, -- Co-invest
in existing TIGroup projects, and -- Pursue future investment or
acquisition projects together on a case by case basis David
Hirschhorn, Co-CEO of TIGroup(TM) commented, "We are very pleased
to be working with Bill Simon and his team at IHM. IHM has a
stellar track record in developing, managing and realizing
exceptional returns for its physician partners. IHM has
successfully developed 4 ASCs and recruited over 100 physician
partners in the Southern California market during the past 10
years. Partnering with IHM as both our management partner and
possible co- investor in future projects permits us to more
aggressively pursue acquisition and investment opportunities in our
target markets with a partner that has a proven track record of
creating value and liquidity events for its ASC partners." "Working
with TIGroup to manage their ASC investments is an exciting
opportunity for us that assists us in our growth initiatives and
continues to expand our industry platform and further leverages our
industry infrastructure in our local marketplace" stated Bill
Simon, CEO of IHM. Mr. Simon added, "We look forward to continuing
to grow our relationship with TIGroup as we evaluate new business
opportunities together. Additionally, we believe that TIGroup has
attractive opportunities with its current ASCs in the Point Loma
and Del Mar markets plus intriguing opportunities in its business
development pipeline." TIGroup(TM) recently acquired a 51%
ownership in two ASCs in Point Loma and Del Mar, California in
November 2006. TIGroup(TM) is seeking opportunities to both invest
in and acquire ambulatory surgery centers, imaging centers and
specialty surgical hospitals on either a majority or minority
basis. In particular TIGroup is seeking both "transition" or
"re-start" situations and currently profitable ASC investment
opportunities. About Innovative Healthcare Management Inc.:
Innovative Healthcare Management Inc. has over 10 years of
successful experience developing and managing ambulatory surgery
centers and has been involved in the launch of 4 successful
ambulatory surgery centers in the Southern California marketplace.
Innovative Healthcare Management Inc. is headquartered in El
Segundo, California. http://www.ihmweb.com/ About Tri-Isthmus
Group, Inc. TIGroup(TM) is a public holding company focused on the
acquisition of private businesses in the healthcare 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 Poway, 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 Web site:
http://www.tig3.com/ http://www.ihmweb.com/
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