AMERICAN ONCOLOGY RESOURCES ENTERS 14TH STATE, NETWORK NOW TOTALS 148 PHYSICIANS.HOUSTON, Texas--(BUSINESS WIRE)--December 27, 1995--American Oncology Resources, Inc. (Nasdaq:AORI AORI Airfield Obstruction Reduction Initiative ) today announced it has completed three transactions, effective December 1. AOR AOR The ISO 4217 currency code for Angolan Reajustado Kwanza. entered its 14th state with the acquisition of an oncology practice based in Las Vegas, Nevada. It also added two oncology practices in Winston-Salem, North Carolina Winston-Salem is a city in the U.S. state of North Carolina. As of the 2000 census, the city population was 185,776; in 2004 the city annexed an additional 17,483 raising the population to 203,259. . Each of these transactions includes a management services agreement under which AOR will manage the operations of the practices and will assist the groups 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 practices. Terms of the transactions were not disclosed. "We are pleased to expand our solid presence in 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. to a total of 17 physicians, since our initial transaction in Raleigh five months ago. Our entrance into the Las Vegas, Nevada, market complements our strong position in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century within Oklahoma, Colorado, Arizona and Oregon," said R. Dale Ross, Chairman and Chief Executive Officer. "During the fourth quarter of 1995, the Company has acquired ten practices and has added 37 physicians, bringing the AOR network to 148 physicians practicing in 13 strategic regions. Total practice acquisitions expenditures exceeded our targets for the fourth quarter and for the year," Mr. Ross added. He concluded, "We enter 1996 with strong momentum and are well positioned to act on a full development pipeline as the oncology practice management sector continues to consolidate." 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 management to 148 physicians practicing in 68 sites of service in 14 states. CONTACT: American Oncology Resources, Inc. 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 212/850-5600 |
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