American HomePatient signs contractual alliance agreement with Columbia Hospitals in Las Vegas.BRENTWOOD, Tenn.--(BUSINESS WIRE)--May 20, 1997--American HomePatient, Inc. (Nasdaq:AHOM), one of the nation's largest providers of home health care services and equipment, today announced the signing of contractual alliance agreements with two Columbia hospitals in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada -- Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. Hospital and Medical Center and Sunrise Mountain Sunrise Mountain is one of the many sections of Killington Ski Resort, Vermont's largest. Served by a Yan/Lift Engineering triple chairlift, it is home to the resort's snowmobile center and a cluster of condominiums. View Hospital. American HomePatient was selected by these hospitals to provide home respiratory services and medical equipment working in concert with Columbia Homecare. Sunrise Hospital is a 688-bed acute care facility specializing in open heart surgery and cancer care services. Mountain View Hospital is a 120-bed full service community hospital located in the northern suburbs of Las Vegas. American HomePatient recently opened a new home health care center in Las Vegas which will handle the Columbia contract. "Las Vegas is one of the fastest growing and most vibrant cities in the U.S. and we felt it was important for American HomePatient to be in this market," said Edward K. Wissing, president and chief executive officer of American HomePatient. "This new contract with Columbia in Las Vegas and our start-up operation mark our first major initiative under our `westward strategy' to expand operations in the northwestern and mountain states The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. ." Since January, 1997, American HomePatient has signed four contractual alliance agreements -- three with Columbia, including this announcement, and one with Conemaugh Health Initiatives in Pennsylvania. To date, the company has a total of 26 combined joint venture and contractual alliance agreements serving 86 hospitals. American HomePatient has 312 home health care centers in 32 states throughout the country. Its primary product and service offerings include respiratory services, infusion therapy, parenteral parenteral /pa·ren·ter·al/ (pah-ren´ter-al) not through the alimentary canal, but rather by injection through some other route, as subcutaneous, intramuscular, etc. par·en·ter·al adj. 1. and enteral nutrition Enteral nutrition Nourishment given through a tube or stoma directly into the small intestine, thus bypassing the upper digestive tract. Mentioned in: Electrolyte Supplements, Enterostomy, Necrotizing Enterocolitis , and medical equipment and supplies for patients in the home. American HomePatient's common stock is traded in the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (National Market) under the symbol AHOM. CONTACT: American HomePatient, Inc., Brentwood Edward K. Wissing or Kathey S. Palmer, 615/221-8884 |
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