American HomePatient signs strategic alliance agreement with Methodist Healthcare System of San Antonio, Texas.BRENTWOOD, Tenn.--(BUSINESS WIRE)--July 11, 1996--Edward K. Wissing, president and chief executive officer for American HomePatient, Inc., (Nasdaq: AHOM), today announced the signing of a strategic alliance agreement between American HomePatient and Methodist Healthcare System of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . American HomePatient was selected by the Methodist Healthcare System of San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , Ltd. to provide home infusion therapy home infusion therapy The IV administration of therapeutics–analgesics, antibiotics, chemotherapy, parenteral nutrition–outside of a formal healthcare environment. See Hyperalimentation, Patient-controlled analgesics, TPN. , respiratory services and home medical equipment on behalf of its six affiliate hospitals. The Methodist Healthcare System is a partnership between the Methodist Healthcare Ministries and Columbia/HCA Healthcare Corporation of Central Texas. Hospitals currently included in the agreement are Northeast Methodist Hospital, San Antonio Community Hospital San Antonio Community Hospital (SACH) is an acute, full service medical center in the city of Upland, California. The 283 bed facility is known for its advanced Neo-Natal Intensive Care Unit (NICU) and for its cardiac care programs. , Methodist Women's and Children's Hospital, Methodist Hospital, and Metropolitan Methodist Hospital. Combined, these hospitals have over 1,500 licensed beds serving approximately 52,000 inpatients annually in the San Antonio metropolitan area The San Antonio Metropolitan Statistical Area is a metropolitan area in South Texas that covers eight counties - Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, and Wilson. . Susan Novak, Executive Director, Methodist Homecare, is pleased with the new arrangement with American HomePatient. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a home care company with a reputation for quality patient care and a commitment to customer service," remarked Novak. "We found that in American HomePatient. Together, Methodist Homecare and American HomePatient will provide our patients a broad range of services delivered in a consistent, seamless manner." American HomePatient now has 10 major strategic alliance contractual agreements with prestigious hospitals and integrated delivery systems integrated delivery system Integrated provider Medical practice A coordinated health care system formed by physician groups and hospitals which ↑ efficiency and ↓ redundancy in providing health care; IDSs coordinate delivery of a broad range of health . It also has equity joint ventures in 11 additional markets. The development of these types of agreements is a vital component of the company's strategic growth, according to Wissing. "Earlier this year, we established a senior team of executives with field operating experience dedicated to pursuing hospital joint ventures and strategic alliances. The conclusion of the agreement with Methodist is a direct result of this team's efforts. We are very pleased to be working with the Methodist Healthcare System and Methodist Homecare on behalf of their home health care patients," he said. American HomePatient is one of the nation's largest diversified home health care providers with 262 centers in 28 states. The company's primary product and service offerings include home respiratory services, home infusion services, and home medical equipment and supplies. 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, Brentwood Edward K. Wissing or Kathey S. Palmer, 615/221-8884 |
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