Pacer Health Corporation Completes Lease Purchase Agreement of Knox County Hospital.Hospital Projected to Add $15 Million to Pacer Health Net Revenues Over the Next 12 Months MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Pacer Health Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHLH), a Miami-based owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities, announced today that it has finalized its Lease Agreement of Knox County There are nine counties named Knox County in the United States, all apparently named after Henry Knox:
"We are excited about the addition of Knox County Hospital to the Pacer portfolio," said Rainier Gonzalez, 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. of Pacer Health. "Knox County Hospital is a thriving operation and its inclusion into our portfolio again proves the success of our company model. We are currently reviewing other properties for inclusion in the Pacer Health portfolio." An accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. JCAHO JCAHO Joint Commission on Accreditation of Healthcare Organizations, see there (Joint Commission on Accreditation of Health Care Organizations) hospital, Knox County is a 42-bed facility that offers a comprehensive suite of healthcare services, including nuclear medicine, surgical services, physical therapy, spiral C.T., mammography mammography, diagnostic procedure that uses low-dose X rays to detect abnormalities in the breasts. The early diagnosis of breast cancer made possible by the routine use of mammography for screening women increases a woman's treatment alternatives and improves her , 24-hour emergency services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' , and a 16-bed skilled nursing unit. The hospital employs a staff of more than 250 and receives more than 16,000 emergency room visits each year. The hospital building was constructed approximately five years ago and upon Pacer's completion of a replacement facility for its hospital in Greensboro, Georgia and the re-opening of its hospital in Cameron, Louisiana, all of Pacer's facilities will be newly constructed. "Having brand new buildings for all of our hospitals adds an additional competitive advantage since most non-urban hospitals were built with Hill-Burton funds almost 50 years ago," added Gonzalez. About Pacer Health Corporation Pacer Health Corporation is an owner-operator of acute care hospitals and psychiatric care facilities serving non-urban areas throughout the Southeast. Please visit http://www.pacerhealth.com for more information. "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements. |
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