Navigation Links
TIGroup Acquires Controlling Interest in Healthcare Services Provider
Date:11/5/2007

LOS ANGELES, Nov. 5 /PRNewswire-FirstCall/ -- Tri-Isthmus Group, Inc. ("TIGroup"), (OTC Bulletin Board: TISG), a provider of financial solutions to the healthcare industry, announced the acquisition of a controlling interest in Rural Hospital Acquisition LLC ("RHA"). Based in Oklahoma City, RHA owns and operates three critical access hospitals in Oklahoma and provides ancillary healthcare services.

TIGroup's Chairman and CEO, David Hirschhorn said, "TIGroup is building a portfolio of interests in healthcare services operations, including ambulatory surgery centers, rural hospitals, surgical hospitals and other healthcare delivery platforms in partnership with physicians and physician group practices. The RHA investment represents an important development for TIGroup, consistent with our strategy of providing flexible financial solutions to businesses delivering quality healthcare solutions outside of traditional hospital settings and in support of new treatment solutions.

"TIGroup's investment in RHA will provide growth capital to fund the expansion of its unique platform through joint ventures and partnerships with physician-led healthcare businesses in Oklahoma and throughout the regional market. For TIGroup, this is the first of what we hope will be many ventures with regional and community healthcare services providers. Our goal is to help these businesses improve the quality and breadth of healthcare services in their markets and, of course, to deliver attractive returns to our partners and shareholders."

RHA's Chairman and CEO Mike Schuster added, "The support and capital markets expertise that TIGroup brings represents an exciting opportunity for RHA to leverage our current operations. This investment will enable us to expand our presence as a significant provider of alternative health care services in each of our current markets and beyond. TIGroup's backing will be instrumental in building a business that we believe can grow to $100 million in annual revenues over the next three to four years. We expect to immediately begin working on extending our operations by forging partnerships with doctors at our current facilities and other physician-owned businesses in our markets to become a leading provider of healthcare services in the region."

Dennis Smith, CFO of TIGroup, said, "We are pleased to be partnering with RHA, and to do so on terms that are quite favorable to our shareholders. This transaction adds strength to our balance sheet and significantly enhances our operating results, with annualized revenues estimated to reach $20 million in 2008."

About Rural Hospital Acquisition LLC

Rural Hospital Acquisition LLC ("RHA") creates partnerships with local physicians to identify, organize, develop and operate medical programs, services, and facilities that meet the identified needs of residents in targeted market areas. The company currently operates three rural critical access hospitals in Anadarko, Stroud and Tishomingo, Oklahoma. In addition, RHA provides both Part A and Part B centralized billing to its hospitals and affiliated physician clinics. RHA's future growth plans are focused on developing and consolidating healthcare services in regions around its current operations as well as in new opportunities in Oklahoma and surrounding states.

About Tri-Isthmus Group, Inc.

Tri-Isthmus Group, Inc. ("TIGroup") provides flexible financial solutions to businesses delivering quality healthcare solutions outside of traditional hospital settings and in support of new treatment solutions. For more information, visit http://www.tig3.com. TIGroup's common shares trade over-the-counter as TISG.

A profile for investors can be accessed at http://www.hawkassociates.com/tisgprofile.aspx. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive free e-mail notification of future releases for TIGroup, sign up at http://www.hawkassociates.com/email.aspx.

Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.


'/>"/>
SOURCE Tri-Isthmus Group, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. TIGroup Names Dennis M. Smith as Chief Financial Officer
2. Cogdell Spencer Inc. Acquires Summit Professional Plaza I and II in Brunswick, Georgia
3. Omnicom Acquires Leading Healthcare Marketing Communications Firm in China
4. Food Bank For New York City Acquires FoodChange
5. Concentra Acquires Assets of Renew Health & Wellness
6. DaVita Acquires Majority Stake in HomeChoice Partners, Inc.
7. NNN Healthcare/Office REIT Acquires St. Mary Physicians Center in Long Beach, California
8. NNN Healthcare/Office REIT Acquires 2750 Monroe Boulevard in Valley Forge, Pennsylvania
9. Hologic Acquires Biolucent, Inc.
10. Radiation Therapy Services Acquires North Carolina Facility
11. Thomson Acquires Prous Science
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... February 09, 2016 , ... A new ... schedule rates and Medicare rates for a variety of medical services in Illinois ... Evaluation of the 2015 Fee Schedule Rates in Illinois, are professional medical ...
(Date:2/9/2016)... ... February 09, 2016 , ... Establishment Labs, a global ... David Hung to the company´s Board of Directors. , “We are honored ... and an exceptional entrepreneur.” said Juan Jose Chacon Quiros, CEO of Establishment Labs. "David’s ...
(Date:2/9/2016)... County, CA (PRWEB) , ... February 09, 2016 , ... ... on home whitening packages. Teeth whitening is among the most popular cosmetic procedures in ... for their whitening needs. This can put them at risk of teeth whitening-related damage. ...
(Date:2/9/2016)... ... February 09, 2016 , ... Two renowned photographers, Robert ... a photographic adventure on the island, June 14-19, 2016, hosted by Four Seasons Resort ... , After a successful debut in 2015, the Maui Photo Expedition workshop ...
(Date:2/9/2016)... ... February 09, 2016 , ... Shark Finds and Kevin Harrington, and the ... with GRIP-DRY. , GRIP-DRY is a newly patented product that has solved some of the ... the wet and early morning dew or right after a rain shower, might understand the ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... or "Company") (NASDAQ: UNIS ; ASX: UNS), a developer ... results for the second quarter of fiscal 2016 (three months ended ... Financial Results for the Second Quarter of Fiscal 2016 ... for the second quarter of fiscal 2016 was $4.5 million, compared ... from customers for the second quarter of fiscal 2016 were $17.8 ...
(Date:2/9/2016)... Bermuda, Feb. 9, 2016  Axovant Sciences Ltd. ... on the treatment of dementia, today announced further ... cognitive, behavioral and functional aspects of Lewy body ... in the U.S. Two out of the three ... expected to start later this quarter. In addition, ...
(Date:2/9/2016)... Feb. 9, 2016 Hearing protection devices refer ... energy transmitted to the inner ear. Hearing protection devices ... These devices are recommended for users exposed to noise ... refer to HPD that are inserted in the ear ... designed to provide more natural sound perception with the ...
Breaking Medicine Technology: