ACCESS HEALTHNET, INC. ANNOUNCES $35 MILLION CREDIT LINE.WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--MAY 5, 1995--ACCESS HEALTHNET, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM Symbol: AHNT) announced today that it has entered into a financing agreement, arranged through and administered by Forsythe McArthur, with Forrest Financial Corporation of Oakbrook Terrace, Illinois Oakbrook Terrace is a city in DuPage County, Illinois, a suburb of Chicago. The population was 2,300 at the 2000 census. A 2003 recount gave the city a population of 2,293. . Under the terms of the agreement, Forrest Financial Corporation will provide a financing facility to purchase leases generated by ACCESS HealthNet's national account lease programs. This financing program is expected to provide over $35 million in funding during the remainder of this year and thereafter, for ACCESS HealthNet. Mr. James Keegan, Chief Financial Officer of ACCESS HealthNet, Inc. stated, "This financing agreement provides ACCESS with additional resources to service projected requirements of our national account programs, the fastest growing segment of the Company. The money now reserved for ACCESS HealthNet by Forrest Financial Corporation will provide funding for both a portion of the contracts we currently have in place and are in the process of negotiating. More importantly, the Company has also obtained approval to fund our remote system sales System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. , providing management with the ability to secure new contracts with other large healthcare companies." ACCESS HEALTHNET, INC. is a worldwide provider of healthcare information management and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and services to physician offices, hospitals, clinical laboratories, clinics, managed care organizations, outpatient outpatient /out·pa·tient/ (-pa-shent) a patient who comes to the hospital, clinic, or dispensary for diagnosis and/or treatment but does not occupy a bed. out·pa·tient n. service centers and nursing homes. CONTACT: ACCESS HEALTHNET, INC. Jim Keegan Chief Financial Officer 805-373-7007 or Investor Contact: Michele Fasano Lippert/Heilshorn 212-838-3777 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion