AHCA Withdraws Plan For PHP Reorganization.MANASSAS Va.--(BUSINESS WIRE)--March 15, 1999--Ambulatory Healthcare Corporation of America ("AHCA AHCA Agency for Health Care Administration AHCA American Health Care Association AHCA American Hockey Coaches Association AHCA American Highland Cattle Association AHCA Australian Health Care Agreement AHCA Austin Healey Club of America ") today announced that it has formally withdrawn its sponsorship of a reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. for PHP (PHP Hypertext Preprocessor) A scripting language used to create dynamic Web pages. With syntax from C, Java and Perl, PHP code is embedded within HTML pages for server side execution. Healthcare Corporation, which filed Chapter 11 bankruptcy on November 19, 1998 in the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Delaware. William P. Danielczyk, President and Chief Executive Officer of AHCA, stated, "Our due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. team and advisors worked expeditiously to structure a plan that, we believe, was realistic and offered fair value to the various stakeholders. Although the plan was received favorably by some, we regret that we were unable to align priorities and reach consensus among all of the constituencies." AHCA, a Delaware Corporation headquartered in Manassas, Virginia, operates outpatient service delivery systems which include medical rehabilitation centers and affiliated provider sites, home health agencies, ambulatory surgery centers, and physician practices. AHCA was named one of the fastest-growing private companies in the country by Inc. magazine, which released its annual ranking of the Inc. 500 on October 14, 1998. |
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