ATC Healthcare Expands Presence in the Ohio Marketplace Through Acquisition of Flex Nursing.Business Editors, Health & Medical Writers 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 acquired Flex Nursing, based in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. to operate as part of the ATC network in the metropolitan Columbus area. Flex Nursing, with $500,000 in revenue, will be merged into ATC's existing operations in Columbus adding additional facilities and staff, as well as, new contracts in this ripe market. The Flex nursing team will remain in place to operate this expanded operation. "Growth through acquisitions remains at the foundation of ATC's growth strategy. The recently announced acquisitions by ATC are a direct result of the new Acquisition Line we recently announced. We are looking at additional accretive acquisitions that we can do in the near term," said David Savitsky, President and 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. . Alan Levy, CFO See Chief Financial Officer. , added, "The acquisitions will assist in strengthening the fiscal 2003 second quarter and full year results. We will continue to seek additional acquisitions as rapidly as practicable." 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 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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