AMERICAN ONCOLOGY RESOURCES ADDS 15 NEW PHYSICIANS IN FOUR STATES.HOUSTON, Texas--(HealthWire)--April 3, 1996--American Oncology Resources, Inc. (Nasdaq: AORI AORI Airfield Obstruction Reduction Initiative ) today announced it has completed transactions with 15 physicians in four oncology practices that provide medical oncology and hematology services in Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. ; Englewood, Colorado Englewood is a city in Arapahoe County, Colorado, USA. As of 2005, the city is estimated to have a total population of 32,350.[5] It is part of the Denver-Aurora Metropolitan Area. ; Fairfax, Virginia; and Wichita, Kansas. The Company entered into two new geographic markets with the addition of Fairfax Hematology-Oncology Associates, a seven physician oncology practice, and the Cancer Center of Kansas, a five physician oncology practice. The addition of the Colorado and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. facilities increase the AOR AOR The ISO 4217 currency code for Angolan Reajustado Kwanza. network in those markets to 24 oncologists and 19 oncologists, respectively. All of these transactions include management services agreements under which AOR will manage the operations of the practice and assist the group in new practice development, as well as agreements under which AOR has purchased the non-medical assets and assumed the non-medical liabilities of the practice. In connection with the Fairfax transaction, AOR also purchased certain assets of Coram Healthcare Corporation affiliates. Terms of the transactions were not disclosed. R. Dale Ross, Chairman and Chief Executive Officer said, "The acquisition of these four outstanding practices represents the continued strength of the AOR approach to coordinated cancer care. By actively seeking opportunities to grow in new and existing markets, AOR will continue to enhance its national network. We are pleased to begin a relationship with the physicians at these four oncology practices." American Oncology Resources is a national physician practice management company focusing exclusively on oncology. The Company currently provides comprehensive management services under management agreements including practice operations, practice development, marketing, facility development, managed care contracting and information systems to 174 physicians in 14 states. CONTACT: American Oncology Resources, Inc. L. Fred Pounds, Vice President, Finance or Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. E. Sands, Vice President, Planning and Development 713/873-2674 or Morgen-Walke Associates Robert P. Jones/Jennifer Cullis cul·lis n. A gutter or groove in a roof. [Middle English colis, from Old French coleis, channel, from coler, to pour, from Latin Michelle Zawrotny: Media 212/850-5600 |
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