FLOWER MOUND, Texas, Aug. 24 /PRNewswire-FirstCall/ -- American HealthChoice, Inc. announced today that it has acquired United Chiropractic Clinic on Nacogdoches Road in San Antonio, Texas.
"The patient billings for this clinic in calendar 2004 were approximately $500,000. It has served patients in Northeast San Antonio for almost twenty years, and was the first clinic in our Affiliated program in 2003," said Dr. J. W. Stucki, American HealthChoice Chairman and CEO. "The operating income as a company owned clinic should significantly exceed the income generated under the Affiliated program business model."
"We were able to acquire the clinic with funds from operations and are confident that it will enhance our future revenue in San Antonio, where we already have a strong presence with four company owned clinics," Dr. Stucki said.
About American HealthChoice:
American HealthChoice is a medical services company comprised of a parent company and 35 owned and affiliated medical clinics in Texas and Tennessee.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission on January 13, 2005.
CONTACT: Dr. J.W. Stucki, CEO American HealthChoice, Inc. 972/538-0122 x203 Paul Knopick E & E Communications 949/707-5365 pknopick@eandecommunications.com
American HealthChoice, Inc.CONTACT: Dr. J.W. Stucki, CEO of American HealthChoice, Inc.,+1-972-538-0122, ext. 203; or Paul Knopick of E & E Communications,+1-949-707-5365, pknopick@eandecommunications.com, for AmericanHealthChoice, Inc.
