First Choice Healthcare Completes $2.4 Million Financing with GE Healthcare Financial Services
31 Mayo 2012 - 5:00AM
Business Wire
First Choice Healthcare Solutions, Inc. (OTC/BB: FCHS), a
company pursuing an innovative strategy of developing efficient
multi-specialty medical centers, today announced that its
subsidiary, First Choice Medical Group of Brevard, LLC, has
completed a financing with GE Healthcare Financial Services for
approximately $2.4 million, consisting of a loan for $450,000 and
equipment leases for approximately $1.95 million.
“The proceeds from this financing will fund the purchase of
specialized state-of-art diagnostic equipment for our first
multi-specialty medical center, First Choice Medical Group of
Brevard,” said Chris Romandetti, First Choice President and CEO.
“Having a comprehensive offering of leading diagnostic and
rehabilitative services on site is a key component to our strategy
of providing the highest quality healthcare services for patients,
while increasing revenues for our shareholders. This new financing
is a major milestone and an important source of cash to fund
capital expenditures as well as our operations.”
About First Choice Healthcare Solutions, Inc.
First Choice Healthcare Solutions, Inc., through its wholly
owned subsidiary FCID Medical, Inc., is carving a new niche in the
multibillion-dollar medical clinical service industry. The Company
is developing a network of medical centers that offer an optimal
mix of synergistic multi-specialty physicians combined with an
array of diagnostic capabilities. The business model features
efficient, professional group practices with physicians in
neurology, orthopedics and pain management, among other
specialties, and a patient-centric focus that provides access to
high-quality medical services with a human touch. First Choice
brings financial and operational efficiencies to practices by
providing all front- and back-office functions including the latest
in paperless electronic patient scheduling and electronic medical
record software, paperless billing systems, collections and
cash-flow management, without the significant fixed overhead of
legacy leases, systems and contracts. In April 2012 First Choice
acquired its first multi-specialty medical center. More information
is available at www.myfchs.com.
Forward-looking Statements
This press release contains statements which
are forward-looking statements. Such forward-looking statements are
based on current expectations, estimates, and projections about our
industry, management beliefs, and certain assumptions made by our
management. Words such as “anticipates,” “expects,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” variations of such
words, and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties,
and assumptions that are difficult to predict; therefore, actual
results may differ materially from those expressed or forecasted in
any such forward-looking statements. Information concerning factors
that could cause the Company’s actual results to differ materially
from those contained in these forward-looking statements can be
found in the Company’s periodic reports on Form 10-K and Form 10-Q,
and in its Current Reports on Form 8-K, filed with the Securities
and Exchange Commission. Unless required by law, we undertake no
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events, or otherwise
to reflect future events or circumstances or reflect the occurrence
of unanticipated events.
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