PHYCOR ANNOUNCES ACQUISITION OF PHYSICIAN GROUP.NASHVILLE, Tenn.--(BUSINESS WIRE)--April 13, 1995--PhyCor (Nasdaq/NM:PHYC) today announced that it had acquired the assets of Northeast Arkansas Arkansas, river, United StatesArkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. Internal Medicine Clinic, P.A., a clinic based in Jonesboro, Arkansas Jonesboro is a city in Craighead County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 59,358.[1] Jonesboro is the county seat, the largest city in northeast Arkansas, and the fifth most populous city in the state. . The Company entered into a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. service agreement, effective March 1, 1995, with the 38-physician group associated with this clinic. Other terms of the transaction were not disclosed. Joseph C. Hutts, president and chief executive officer of PhyCor, said, "We are pleased to have completed this transaction which represents our second clinic in Arkansas. We view this clinic, with its five service sites, as the central physician component of the competitive network that we will help develop in this region. Ultimately, this will result in the presence of higher quality medical services for Northeast Arkansas." PhyCor, Inc., headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , is a physician-driven medical management company that operates multi- multi- word element [L.], many. multi- pref. 1. Many; much; multiple: multiarticular. 2. More than one: multiparous. specialty medical clinics and independent practice associations (IPAs). The Company operates 24 clinics with over 1,200 physicians in 15 states and manages IPAs with over 3,600 physicians in 11 markets. CONTACT: PhyCor Inc., Nashville Joseph C. Hutts or John K. Crawford, 615/665-9066 |
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