HOUSTON, Nov. 15, 2001 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) company, announced today that it had elected to renew its reselling partnership with Microsoft(r) Great Plains(r) Business Solutions to enhance its accounting platform. The Microsoft Great Plains Dynamics solution is expected to play a key role as the company expands its ASCs across the country.
"We continue to lay the groundwork for the rollout of our ASCs throughout the country," said Bob Horn, SurgiCare's Chief Financial Officer. "We believe that the Microsoft Great Plains Dynamics solution is the ideal accounting platform to help us implement the systems necessary to track and manage our rapid growth. We anticipate taking the necessary additional infrastructure-related actions to attain our aggressive growth targets."
SurgiCare recently announced that it had moved into a new corporate headquarters building. The company has already opened three ASCs this year and has announced plans for two Specialty Facilities to be constructed in Houston.
Released in February 1993, Microsoft Great Plains Dynamics is a business solution targeted to the lower to mid-tiers of the midmarket. The Dynamics solution includes financials, distribution, e-commerce, project accounting, human resources and payroll and fixed assets. In addition, Dynamics is fully integrated with Great Plains Siebel Front Office. Dynamics is available on Microsoft SQL Server and the Pervasive.SQL databases.
About SurgiCare, Inc.
SurgiCare, Inc., offers licensed, freestanding Ambulatory Surgery Centers for use by physicians and its physician partners and their patients. Freestanding refers to the fact that the facilities are physically and organizationally independent from a hospital. Ambulatory Surgery means surgical procedures that do not require hospitalization after the surgery. The ASCs are run under the guidance of a committee of physician partners. SurgiCare's goal is to grow through mergers, acquisitions and turnkey management contracts in conjunction with physician-involved supervision and potential equity participation within a public company model. SurgiCare has assembled a team of highly qualified industry professionals that are equipped to effectively manage multiple ASCs, essentially cutting operational costs and increasing profit margins. For more information on SurgiCare, please visit the company's Web site at www.surgicareinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of SurgiCare, Inc. (the Company) to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's Annual Reports and other filings with the Securities and Exchange Commission. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.