
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
Nashville, TN (April 8, 2009) -- Ambulatory Services of America, Inc. announced that Red Rocks Dialysis, LLC, a newly formed joint venture, has completed the acquisition of three dialysis centers in the Gallup, New Mexico area from Rehoboth McKinley Christian Health Care Services (RMCHCS). Red Rocks Dialysis is a joint venture between ASA's dialysis subsidiary, Innovative Dialysis Systems, and local physicians, Oladipo Adeniyi, M.D. and James Whitfield, M.D.
At the time of the acquisition, the program provided services to more than 360 patients, through outpatient, acute, and home dialysis programs in Gallup, Zuni, and Crownpoint, New Mexico. Red Rocks Dialysis, in conjunction with Innovative Dialysis Systems, has been managing the program since September 2008. Drs. Adeniyi and Whitfield continue to serve as medical directors in the three facilities and the home program.
Dr. Adeniyi said, "We are pleased to join with a strong, national company as we strive to bring top-notch medical care to the growing number of dialysis patients in and around Gallup. IDS and ASA have a proven history of delivering high quality patient care, and we look forward to a very successful and rewarding partnership."
Timothy Martin, President and Chief Executive Officer of ASA, said, "We are pleased to welcome the physicians, patients, and staff members of the Red Rocks Dialysis facilities to the ASA team. We believe that Rehoboth McKinley Christian Health Care Services built a quality dialysis program in the Gallup area, and we look forward to working with Drs. Adeniyi and Whitfield to build on the legacy of RMCHS to bring superior care to the kidney patients in the community."
"We looked for a partner that would be committed to the dialysis patients in the communities that we serve," said Dr. Whitfield. "Not only does IDS have the right background and experience to help us grow our program, but they also share our passion for patient care. We have enjoyed working with the IDS team over the last several months, and we look forward to continuing our relationship."
Ambulatory Services of America, Inc., headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries, Radiation Oncology Services of America, Inc. and Innovative Dialysis Systems, owns, operates, and manages facilities providing radiation oncology services and dialysis services. After the acquisition, ASA will own interests in and operate 47 dialysis centers and 17 radiation oncology centers in twelve states and the territory of Guam. ASA also manages three other dialysis centers.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
AMBULATORY SERVICES OF AMERICA, INC.
COMPLETES PURCHASE OF MAJORITY INTEREST IN
ROSA OF GEORGIA, LLC
Nashville, Tennessee (January 7, 2009) - - Ambulatory Services of America, Inc. announced that it had completed the purchase of additional interests in ROSA of Georgia, LLC, a joint venture between ASA's subsidiary, Radiation Oncology Services of America, Inc, and American Oncology Associates, LLC. Following the purchase, Radiation Oncology Services of America will own a majority interest in ROSA of Georgia.
ROSA of Georgia offers state-of-the-art cancer treatment services, including intensity-modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT) and high dose rate brachytherapy in its outpatient facilities. The joint venture was formed in March 2007; it owns and operates eight radiation oncology centers in Georgia and Florida. Four of ROSA of Georgia's facilities are affiliated with the Georgia Center for Total Cancer Care, the largest provider of oncology/hematology services in the Southeast and a national leader in cancer treatment and research. American Professional Associates, LLC - - a physician practice including 16 radiation oncologists - - will continue to provide physician services to patients being treated at the facilities and to serve as medical director of the facilities.
"As our relationship with ASA and ROSA has grown and matured, we have seen firsthand the benefits of having a strong, national company as a partner," said Dale McCord, M.D., President and Chief Executive Officer of American Professional Associates and American Oncology Associates. "We look forward to transitioning to the next phase of that relationship."
Timothy Martin, President and Chief Executive Officer of ASA, said, "Our partnership with American Oncology Associates has helped to raise the bar on clinical performance for the industry. Providing the highest quality of care for our patients remains our mission, and ROSA of Georgia will continue to be focused on bringing the best treatment and service to cancer patients in Georgia and the Florida panhandle."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Radiation Oncology Services of America, Inc. and Innovative Dialysis Systems, Inc., owns and operates 17 radiation oncology centers and 44 dialysis centers in eleven states and the territory of Guam.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
AMBULATORY SERVICES OF AMERICA, INC.
ANNOUNCES JOINT VENTURE WITH GULF COAST CANCER CENTERS
Nashville, Tennessee (January 7, 2009) - - Ambulatory Services of America, Inc. announced the formation of ROSA of South Alabama, LLC, its seventh radiation oncology joint venture. ROSA of South Alabama is a joint venture among Gulf Coast Cancer Center - Gulf Shores, P.C., Monroeville Radiation - Oncology, P.C., and South Alabama Radiation Oncology, P.C., and ASA's subsidiary, Radiation Oncology Services of America, Inc. ROSA of South Alabama will own and operate four radiation oncology facilities in Gulf Shores, Brewton, Foley and Monroeville, Alabama.
ROSA of South Alabama will offer state-of-the-art cancer treatment services, including intensity-modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), and stereotactic body radiation therapy (SBRT) in the facilities. The joint venture expects to build on Gulf Coast Cancer Centers' legacy of providing high-quality cancer care to the residents and visitors to the south Alabama region. The physicians currently serving patients at each facility will continue to provide physician services to patients being treated at the facilities. William Hixson, M.D. will serve as medical director for each of the facilities.
Dr. Hixson said, "When considering a partnership, we looked for a strong, growing company that not only brings business expertise to the table but, most importantly, also shares our passion for patient care. We look forward to working with ASA and ROSA as we continue our mission of providing superior care and service to the growing number of cancer patients in the Gulf Coast area."
Timothy Martin, President and Chief Executive Officer of ASA, said, "We are pleased to welcome the physicians and staff of Gulf Coast Cancer Centers to the ASA family. Dr. Hixson and his team are recognized in the industry as providers of high-quality cancer care through state-of-the-art technology, treatments and procedures. We look forward to working with them to continue to provide excellent service to cancer patients in the Gulf Coast region."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Radiation Oncology Services of America, Inc. and Innovative Dialysis Systems, Inc. owns, operates and manages facilities providing radiation oncology services and dialysis services. After the formation of ROSA of South Alabama, ASA will own interests in and operate 17 radiation oncology centers and 44 dialysis centers in eleven states and the territory of Guam.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
INNOVATIVE DIALYSIS SYSTEMS REVIEWS PROGRESS IN 2008
Philadelphia, PA (November 7, 2008): Innovative Dialysis Systems (IDS), and its parent company, Ambulatory Services of America, Inc. (ASA), reviewed the substantial progress they had made in developing their dialysis services business during 2008. In December 2007, ASA completed the acquisition of IDS and many of its related joint ventures, which owned and operated 35 dialysis programs in California, Ohio, Oregon, Wyoming and Guam.
"2008 has been a terrific year for IDS and ASA," said Vincent Dennis, M.D., ASA's Senior Medical Advisor, speaking at the annual conference of the American Society of Nephrology in Philadelphia, Pennsylvania. "During this year of transition and in the face of implementing changes to comply with the new Medicare conditions of coverage, we have continued IDS' historic focus on providing high-quality care in partnership with local physicians, while the company experienced substantial growth. We are very pleased by the improvement in clinical outcomes of the patients receiving care in our centers," Dr. Dennis concluded.
At the time it acquired IDS, ASA owned and operated three dialysis clinics in San Antonio, Texas. During 2008, IDS has opened de novo facilities in Texas, Ohio and Guam, and it currently has several others under development. In addition, in June, IDS acquired three dialysis centers in St. Louis, Missouri, which were previously owned by Affiliated Hospital Dialysis Centers. As of November 1, 2008, IDS owned interests in and operated 44 dialysis centers. It also managed eight other dialysis centers, three of which it expects to acquire in the near future. IDS also provides inpatient acute dialysis services under contracts with four hospitals.
"This has been an exciting year for us," said Larry Jones, President and Chief Operating Officer of IDS. "We have built on the clinical and operating legacy of IDS to deliver great care for patients while managing growth. We are looking forward to continuing to build on this platform in the future as we continue our aggressive plans to develop de novo dialysis centers and to complete acquisitions with leading physicians."
IDS continues to drive growth for the ASA family. Along with ASA's other subsidiary, Radiation Oncology Services of America (ROSA), IDS has helped ASA grow to include 58 owned sites of service in 10 states and the territory of Guam.
Timothy Martin, President and Chief Executive Officer of Ambulatory Services of America, said "With today's volatile market conditions, it has become more important than ever for physicians to choose their partners with great care. ASA's strong balance sheet, along with our demonstrated commitment to clinical excellence, has proven to be attractive for nephrologists who are considering a joint venture partner. We are honored to partner with some of the leading physicians in the business, and we look forward to an even more successful 2009."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Innovative Dialysis Systems and Radiation Oncology Services of America, owns, operates and manages facilities providing radiation oncology services and dialysis services. As of November 1, 2008, ASA owns interests in and operate 44 dialysis centers and 13 radiation oncology centers in nine states and the territory of Guam. ASA also manages eight other dialysis centers, three of which it expects to acquire in the near future.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
AMBULATORY SERVICES OF AMERICA, INC.
ANNOUNCES THE ACQUISITION OF DIALYSIS OPERATIONS IN
ST. LOUIS, MISSOURI
Nashville, Tennessee (July 2, 2008) - - Ambulatory Services of America, Inc. announced the acquisition of three dialysis centers in the St. Louis, Missouri area from Affiliated Hospitals Dialysis Center. Affiliated Hospitals Dialysis Center is a joint venture between St. Luke's Episcopal-Presbyterian Hospitals and St. John's Mercy Health System. Prior to the acquisition, the program provided services to more than 300 patients through the three outpatient dialysis centers and a home dialysis program.
Ambulatory Services of America's dialysis subsidiary, Renal Services of America, will operate the acquired program and will offer state-of-the-art hemodialysis treatment services in the St. Louis centers. Paul Mennes, M.D. will serve as regional medical director for RSA's dialysis operations in St. Louis, and Drs. Annibal Melo, Thomas Pohlman, Robert Cuddihee, Mark Ravenscraft and Robyn Jacobs will serve as medical directors of the acquired facilities and home program.
Dr. Mennes said, "We are glad to join forces with a vibrant and growing company as we work to provide the best care to a growing number of dialysis patients in St. Louis. We thank St. Luke's Episcopal-Presbyterian Hospitals and St. John's Mercy Health System for working with us over the last years to build a dialysis program that provides high quality care to our patients, as we look forward to building on that legacy with Ambulatory Services of America and Renal Services of America."
Timothy Martin, President and Chief Executive Officer of ASA, said, "We are pleased to welcome the physicians, patients and staff members to the ASA team. We believe Affiliated Hospitals Dialysis Center and its hospital partners built a solid program in St. Louis, and we look forward to working to build on their legacy to provide high quality services to dialysis patients in the St. Louis area."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Radiation Oncology Services of America, Inc. and Renal Services of America, Inc. owns, operates and manages facilities providing radiation oncology services and dialysis services. After the acquisition, ASA will own interests in and operate 44 dialysis centers and 13 radiation oncology centers in ten states and the territory of Guam. ASA also manages three other dialysis centers.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
AMBULATORY SERVICES OF AMERICA, INC.
ANNOUNCES JOINT VENTURE TO OPERATE RADIATION
ONCOLOGY FACILITY IN DALLAS, TEXAS
Nashville, Tennessee (July 2, 2008) - - Ambulatory Services of America, Inc. announced the formation of ROSA of North Dallas, LLP, its sixth joint venture to provide outpatient radiation oncology services. ROSA of North Dallas is a joint venture between ASA's subsidiary, Radiation Oncology Services of America, and some of the former owners of Landmark Radiation Dallas LP. ROSA of North Dallas will own and operate Northpoint Cancer Center in Dallas, Texas, which was previously owned and operated by Landmark Radiation Dallas.
ROSA of North Dallas will offer state-of-the-art cancer treatment services, including intensity-modulated radiation therapy (IMRT) and image-guided radiation therapy (IGRT) in the Dallas center. The joint venture expects to build on Landmark Radiation's legacy of providing high-quality cancer care to the residents of the north Dallas area. Edward Gilbert, M.D. will serve as medical director for ROSA of North Dallas, and Dr. Timothy Nichols will also continue to provide professional radiation oncology services at the facility.
Dr. Gilbert said, "We look forward to working with Ambulatory Services of America and Radiation Oncology Services of America to provide a full range of radiation therapy services to patients in North Dallas. We are pleased to have worked with Landmark Radiation to build the North Dallas center and look forward to a long relationship with ASA and ROSA."
Timothy Martin, President and Chief Executive Officer of ASA, said, "We are excited to expand our presence in the Dallas area and Texas generally. With the formation of ROSA of North Dallas, we now own and operate three radiation oncology centers in Texas, with two in the Dallas metropolitan area. We look forward to working with our new affiliated physicians to provide high quality care to cancer patients."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Radiation Oncology Services of America, Inc. and Renal Services of America, Inc. owns, operates and manages facilities providing radiation oncology services and dialysis services. After the acquisition, ASA will own interests in and operate 41 dialysis centers and 13 radiation oncology centers in nine states and the territory of Guam. ASA also manages three other dialysis centers.
Contact: Douglas B. Chappell
Chief Financial Officer
(615) 250-1770
AMBULATORY SERVICES OF AMERICA, INC.
ANNOUNCES JOINT VENTURE TO OPERATE CHICAGO-AREA
RADIATION ONCOLOGY FACILITY
Nashville, Tennessee (July 2, 2008) - - Ambulatory Services of America, Inc. announced the formation of ROSA of Northern Illinois, LLC, its fifth joint venture to provide outpatient radiation oncology services. ROSA of Northern Illinois is a joint venture between Nuclear Oncology Facilities, LLC and ASA's subsidiary, Radiation Oncology Services of America, Inc. ROSA of Northern Illinois will own and operate the DuPage Oncology Center in the Chicago, Illinois area, which was previously owned and operated by Nuclear Oncology Facilities.
ROSA of Northern Illinois will offer state-of-the-art cancer treatment services, including intensity-modulated radiation therapy (IMRT) and image-guided radiation therapy (IGRT), in the DuPage Oncology Center. The joint venture expects to build on Nuclear Oncology Facilities' legacy of providing high-quality cancer care to the residents of the Chicago area. Nuclear Oncology, S.C. will provide medical director services for ROSA of Northern Illinois.
Dennis Galinsky, M.D. of Nuclear Oncology, S.C., said, "We are happy to partner with Radiation Oncology Services of America and Ambulatory Services of America to operate the DuPage Cancer Center. As we selected a partner we were looking for a company that would work to support our growth in the Chicago area and help us evaluate and implement new technologies to treat cancer. I believe ROSA and ASA will be just such a partner."
Timothy Martin, President and Chief Executive Officer of ASA, said, "We are happy to enter the Chicago marketplace with such a strong group of physician partners. Nuclear Oncology includes many of Chicago's leading radiation oncologists, and we are honored to be selected as their partners. We look forward to working with them to provide excellent care to cancer patients in and around Chicago."
Ambulatory Services of America, headquartered in Brentwood, Tennessee, is a diversified health care services company that provides alternative site services in partnership with physicians. ASA, through its primary subsidiaries Radiation Oncology Services of America, Inc. and Renal Services of America, Inc. owns, operates and manages facilities providing radiation oncology services and dialysis services. After the acquisition, ASA will own interests in and operate 41 dialysis centers and 13 radiation oncology centers in nine states and the territory of Guam. ASA also manages three other dialysis centers.
ASA was founded in 2006 to provide alternative-site health care services in partnership with physicians. ASA is led by a management team with a strong record of success in health care services. Timothy Martin, President and Chief Executive Officer of ASA, was Executive Vice President and Chief Operating Officer of Renal Care Group, Inc. (NYSE:RCI) when Fresenius Medical Care NA acquired it for $4.0 billion in March of 2006.
MedCare Investment Fund III, Ltd. is ASA’s lead financial sponsor and is providing substantial equity financing for the transaction. GE Healthcare Financial Services acted as lead arranger for the debt financing for the transaction.