DHS acquires Cardiac Concepts, Inc.DALLAS--(BUSINESS WIRE)--July 1, 1996--Diagnostic Health Services health services Managed care The benefits covered under a health contract , Inc. ("DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) ") [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 National Market: DHSM (common stock), DHSMW (warrants)] today announced the acquisition of Cardiac Concepts, Inc. ("CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) "), a privately owned Texas-based company providing cardiovascular ultrasound diagnostics and cardiographics. Terms were not disclosed. Max W. Batzer, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "The acquisition of CCI continues our progress consolidating regional providers of our types of diagnostic and cardiographic services. This acquisition adds in excess of $1 million in annual gross revenues. CCI's relationships with hospitals and managed care organizations in North and Central Texas, particularly in the rapidly growing Austin market, offer opportunities to expand the platform of services provided to CCI clients, generating further post-acquisition revenue and profit expansion. CCI's geographic overlap with our current business will permit numerous operational and administrative efficiencies. Redeployment of CCI's diagnostic assets will allow us to grow our business with limited additional capital expense." DHS is a leading provider of medical outsourcing services to hospitals, physicians' offices and other healthcare facilities primarily in the Midwest and South Central United States The South Central United States, South Central states, or Midsouth is a region of the United States located in the south central part of the country. It evolved out of the archaic southwest, which originally was literally the western U.S. South. . DHS provides radiology and cardiology diagnostic services diagnostic services, n.pl the imaging and laboratory capabilities available for determining the cause of an illness. and equipment, as well as departmental management services to healthcare facilities on an in-house and shared basis. The Company also provides skilled allied healthcare personnel on a temporary basis to perform a variety of functions in hospitals, long-term care facilities, physicians' offices, clinics and home healthcare settings. The Company is headquartered in Dallas, Texas, and additionally operates in Oklahoma, Louisiana, Mississippi, Missouri, Arkansas, Illinois, Ohio, Indiana, Iowa, Michigan, Kansas and Mexico City. CONTACT: Diagnostic Health Services, Inc. Max W. Batzer, Chairman/CEO (214) 634-0403 -or- DHS INVESTOR RELATIONS COUNSEL: The Equity Group Inc. Linda Latman, (212) 836-9609 |
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