America Service Group Announces Award of New York City Contract.Business Editors, Health & Medical Writers NASHVILLE, Tenn.--(BW HealthWire)--Dec. 19, 2000 America Service Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASGR ASGR America Service Group Inc. ASGR Armed Services Graves Registration Office ) today announced that its operating subsidiary, Prison Health Services health services Managed care The benefits covered under a health contract , Inc. (PHS (Personal Handyphone System) A TDMA-based cellular phone system introduced in Japan in mid-1995. Operating in the 1880-1930 MHz band, PHS uses microcells that cover an area only 100 to 500 meters in diameter, resulting in lower equipment costs but requiring more base ), has been awarded an approximately $300 million, three-year contract, effective January 1, 2001, to provide comprehensive onsite healthcare services to inmates housed in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Department of Correction - the largest municipal jail system in the United States. The contract is also the largest in the 22-year history of the Company. Under the terms of the new contract, Prison Health Services will assume responsibility for providing comprehensive onsite medical, dental, mental health and specialty care for more than 13,500 inmates in New York City. PHS will also provide information management, as well as radiology, laboratory and pharmacy services in coordination with the Health and Hospitals Corporation - Correctional Health Services (HHC/CHS), the entity that administers access to correctional health services for the City of 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 . The Company is expected to hire approximately 1,000 employees to meet the staffing requirements set forth in the contract and has already begun coordinating this process with the City and unions representing the existing employees. "Our focus has been, and will continue to be, to provide top quality healthcare to individuals incarcerated incarcerated /in·car·cer·at·ed/ (in-kahr´ser-at?ed) imprisoned; constricted; subjected to incarceration. in·car·cer·at·ed adj. Confined or trapped, as a hernia. in correctional facilities across the nation," said Gerard F. Boyle, chief development officer of America Service Group. "I am confident that Prison Health Services will meet and exceed the rigorous performance standards explicitly set forth by the City of New York. We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by HHC's confidence in our ability to provide a wide range of high quality healthcare services for the New York City Department of Correction." Dr. Luis Marcos, president and chief executive officer of Health and Hospitals Corporation, said, "With this contract, New York City is taking a step forward in correctional healthcare. We are pleased to welcome Prison Health Services to the team." A listen-only simulcast and 30-day replay of a conference call to discuss this press release will be available online at www.asgr.com or www.streetevents.com on December 20, 2000, beginning at 11:00 a.m. Eastern time. America Service Group Inc., based in Brentwood, Tennessee, is a leading provider of correctional healthcare services in the United States. America Service Group Inc., through its subsidiaries, provides a wide range of managed healthcare and pharmacy programs for approximately 325,000 inmates. The Company employs over 6,000 medical, professional and administrative staff nationwide. This press release may contain "forward-looking" statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. As such, they involve risk and uncertainty that actual results may differ materially from those projected in the forward-looking statements. A discussion of the important factors and assumptions regarding the statements and risks involved is contained in the Company's filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion