Coastal to acquire six primary care physician practices.DURHAM, N.C.--(BUSINESS WIRE)--Nov. 28, 1994--Coastal Healthcare 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 :CGRP CGRP Calcitonin Gene-Related Peptide CGRP Controlled Goods Registration Program CGRP Coolant Group (TARTAR) CGRP Common Hardware Reference Platform ) announced Monday that it has signed agreements to acquire two family medical centers and four pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. groups in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Florida. These medical practices include: Mebane Medical Center in Mebane, N.C.; Ocean Acute and Family Medicine, P.A. in Neptune Beach Neptune Beach may refer to:
"The 28 physicians in these primary care practices provide medical care to approximately 40,000 fee-for-service patients and 20,000 managed care members representing over 140,000 annual patient visits with total revenues of approximately $10 million," stated Steven M. Scott, M.D., president and chief executive officer. "These acquisitions are an expansion of our integrated primary care Integrated primary care (abbreviated IPC) describes a clinical practice that combines behavioral and medical health services in a primary care setting, as advocated by the "biopsychosocial model" established in research into family medicine and psychiatry. networks in southern and northern Florida as well as in the Triangle. This increases our North Carolina network total to 17 primary care practices and our Florida network to 48 primary care practices." Coastal Healthcare Group Inc. -- The Physician Company, is the largest physician management company in the U.S. and provides a broad range of health care and administrative services to physicians, hospitals, managed care programs and other health care providers. CONTACT: Coastal Healthcare Group Inc. Kenneth S. Dennard, 919/383-0355 |
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