ATC Healthcare Acquires Connecticut-Based Nursing Agency; Company Announces 7th New Office in Less Than 60 Days and Enters Its 27th State.Business Editors/Health & Medical Writers LAKE SUCCESS, N.Y.--(BW HealthWire)--June 24, 2002 ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered Healthcare, Inc. (AMEX AMEX See: American Stock Exchange :AHN AHN Athens, GA, USA (Airport Code) AHN Army Health Nurse (US Army) AHN Aetna Hispanic Network AHN Allied Health Network AHN Ad Hoc Network ), a national leader in medical staffing, today announced that the Company had acquired Staff Relief Nursing Agency, located in Stratford, CT. The agency will operate as a licensed ATC operation and service facilities in the greater Bridgeport Greater Bridgeport is the metropolitan area centered on the city of Bridgeport in the U.S. state of Connecticut. The area is located in Southwestern Connecticut and consists of the city of Bridgeport and five other adjacent towns – Easton, Fairfield, Monroe, Stratford, and and Trumbull areas. The current management of Staff Relief Nursing will continue to run the operation. "Last week, ATC announced that it had secured a new acquisition line from its bank. It was put in place to accelerate the ability of ATC to acquire companies identified as possessing significant potential for growth. We are utilizing the Line judiciously to make 4 to 5 additional acquisitions in the near term which are accretive to earnings," stated David Savitsky, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President. "Our national base is broadening with entry into our 27th state, Connecticut. Since May 29th, ATC has announced the opening of 7 new offices. ATC is consistently exploring both opportunities and funding to continue this momentum," Savitsky concluded. "This acquisition when added to the existing ATC operations which service the Metro New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Westchester County and Northern New Jersey areas further strengthens ATC's existing base in the largest market in the country," according to Ed Teixeira, Executive VP and COO. About ATC Healthcare, Inc. ATC is a national leader in medical staffing personnel to hospitals, nursing homes, clinics and other health care facilities with 72 locations in 27 states. ATC provides supplemental staffing, outsourcing and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. solutions to hospitals, nursing homes, medical and research facilities and industry. Drawing from a pool of over 15,000 healthcare professionals spanning more than 50 specialties, the Company supplies both clinical and non-clinical personnel for short-term, long-term, and "traveling" contract assignments. To learn more about the company's services, visit their web site at www.atchealthcare.com . This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in ATC Healthcare, Inc. Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended February 28, 2002 as filed with the Securities and Exchange Commission on June 10, 2002. |
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