American CareSource Holdings President & CEO, David S. Boone, Named Ernst & Young Entrepreneur Of The Year(R) 2009
DALLAS, TX, Jul 06 (MARKET WIRE) --
American CareSource Holdings, Inc. (NASDAQ: ANCI) today announced that
David S. Boone, its President and Chief Executive Officer, received the
prestigious and coveted Ernst & Young Entrepreneur Of The Year(R) 2009
Award in the health services category in Southwest Area- North. According
to Ernst & Young LLP, the award recognizes the country's outstanding
entrepreneurs who are building and leading dynamic, growing businesses.
Mr. Boone was selected by an independent panel of judges, and the award
was presented at a gala event at the Majestic Theater in Dallas, Texas,
on June 27.
"This is truly an award for our entire company, not any one individual,"
said Mr. Boone. "This accomplishment is a reflection of the quality people
that comprise American CareSource, our outstanding leadership team, and
the culture we are creating. Most importantly, it is a direct result of
the passion all of us have towards the goal of making health care more
affordable and changing the health care industry for the better."
As President and Chief Executive Officer beginning in 2007, David Boone
brought external credibility, passion, and a vision for the future to
American CareSource. Borrowing on his health plan development past, his
strategy execution experience, and his belief that analysis and analytics
are important to the success of a company, Mr. Boone transformed American
CareSource into a thriving, publicly traded company that topped the NASDAQ
Capital Market performance charts in 2008.
Mr. Boone's core belief is that successful companies must have the right
culture. At American CareSource Mr. Boone created an environment where
every staff member believes in what the Company is doing -- saving the
consumer money and changing the health care landscape. With his carefully
cultivated management team -- the foundation of the Company's future
success -- Mr. Boone's vision of the future now focuses on continuing
American CareSource's rapid growth and further expanding its profitability
and cash flow as the business scales.
The Ernst & Young Entrepreneur Of The Year(R) Awards celebrate their 23rd
anniversary this year. The program honors entrepreneurs who have
demonstrated exceptionality in such areas as innovation, financial
performance and personal commitment to their businesses and communities.
"We are proud to recognize the achievements of David Boone," said Chris
Abston, Ernst & Young LLP Entrepreneur Of The Year Program Director for
Southwest Area- North. "Winners of the Entrepreneur Of The Year Award
build leading businesses and contribute significantly to the strength of
our region's economy. Their success helps our area grow stronger."
As a Southwest Area- North award winner, Mr. Boone is now eligible for
consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009
national program. Award winners in several national categories, as well as
the overall national Ernst & Young Entrepreneur Of The Year(R) Award
winner, will be announced at the annual awards gala in Palm Springs,
California on November 14, 2009. The awards are the culminating event of
the Ernst & Young Strategic Growth Forum, the nation's most prestigious
gathering of high-growth, market-leading companies.
About Ancillary Care Services
Ancillary Care Services provides ancillary health care services through
its network that offers cost effective alternatives to physician and
hospital-based services. This market is estimated at $574 billion, and has
grown to 30% of total national health expenditures. These providers offer
services in over 30 categories, including laboratories, dialysis centers,
free-standing diagnostic imaging centers, non-hospital surgery centers, as
well as durable medical equipment such as orthotics and prosthetics, and
others.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly traded
ancillary care network services company, offers a comprehensive national
network of over 3,000 ancillary service providers at more than 26,000
sites through its subsidiary, Ancillary Care Services. The Company's
ancillary network and management provides a complete outsourced solution
for a wide variety of health care payors and plan sponsors including
self-insured employers, indemnity insurers, PPOs, HMOs, third party
administrators and both federal and local governments. For additional
information, please visit www.anci-care.com.
About Ernst & Young's Entrepreneur Of The Year(R) Awards Program
Ernst & Young's Entrepreneur Of The Year(R) Award is the world's most
prestigious business award for entrepreneurs. The award makes a difference
through the way it encourages entrepreneurial activity among those with
potential and recognizes the contribution of people who inspire others
with their vision, leadership and achievement. As the first and only truly
global award of its kind, the Ernst & Young Entrepreneur Of The Year(R)
Award celebrates those who are building and leading successful, growing
and dynamic businesses, recognizing them through regional, national and
global awards programs in more than 135 cities in 50 countries.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year
Awards are pleased to have the Ewing Marion Kauffman Foundation and SAP
America as national sponsors.
In Southwest Area-North, local sponsors include Smith, Frank & Partners,
Stagen, First United Bank & Trust Company, D CEO Magazine, Fort Worth
Business Press and The Journal Record.
ANCI-G
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995:
Any statements that are not historical facts contained in this release,
including with respect to future engagements by clients, revenue growth,
earnings, and guidance are forward-looking statements. It is possible that
the assumptions made by American CareSource Holdings, Inc. for purposes of
such statements may prove to be inaccurate or may not materialize. Actual
results may differ materially from those projected or implied in any
forward-looking statements. Such statements may involve further risks and
uncertainties, including but not limited to those relating to demand for
our services, pricing, market acceptance, our ability to integrate with
our clients, our ability to attract and maintain providers, our ability to
manage growth, the effect of economic, political and regulatory
conditions, the effect of competition, risks in product development, the
ability to complete transactions, and other risks identified in this
release, and the Securities and Exchange Commission filings of American
CareSource Holdings, Inc.
Contact:
Steven J. Armond
Chief Financial Officer
American CareSource Holdings, Inc.
972-308-6847
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