American Health Systems Inc. Begins Negotiations With Dental HMO.IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--May 11, 1999-- American Health American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". Systems Inc.(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHSY) announces that it has entered into negotiations with plans to acquire a state-wide dental HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, with over 14,000 enrollees throughout California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . The dental HMO is presently contracted with over 400 dental providers state-wide. The 1999 revenues are expected to be approximately $8 million. The HMO owns and operates numerous dental facilities throughout California. American Health Systems feels a dental acquisition of this nature will play a significant roll in the overall health service distribution, expansion, and implementation of the business and management's goals for the year. This is only one of the many anticipated acquisitions before year end. This press release contains forward looking statements with respect to the results of operations and business which could be materially different from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion