GARDEN CITY, N.Y., June 12, 2012 /PRNewswire/ -- Millennium HealthCare Inc. (OTC Pink: MHCC) announced today that its wholly owned subsidiary, Millennium Vascular Management Group has negotiated and executed a management & service agreement with a physicians group for the opening and management of the Company's 2nd Vascular Surgical Facility in Central New Jersey. The scheduled opening is projected to be in early July, 2012.
Millennium President Chris Amandola stated, "Millennium HealthCare's Vascular Practice Management team successfully launched our first vascular facility in Staten Island, New York in February 2012 and have been very pleased with the progress made in a short period of time. Our experience with our initial facility has greatly assisted us in streamlining our planned facility expansion. The new Central New Jersey vascular facility will be staffed with healthcare professionals specifically trained in the treatment of Peripheral Arterial Disease (PAD).
"Our focus on outpatient practice management procedures for patients suffering from Peripheral Vascular Disorders offers the Company great growth opportunities as we look to expand in the future. Millennium is pursuing high growth areas within the specialty outpatient healthcare industry that offer attractive alternatives to specialized doctors within certain geographical parameters."
Mr. Amandola also added, "The recent announcements of HealthCare Partners' $4.42 billion transaction with DaVita Inc. and Sagard Capital Partners' LP $170 million buyout offer for IntegraMed America Inc. demonstrate the active interest and trending growth of outpatient services and their respective business models."
About Millennium HealthCare Inc.
Millennium HealthCare Inc. provides physician practices with practice management & development services to enhance and grow their business. Our primary focus is on practices specializing in Cardiology and Vascular care.
Vascular Management Services - Medical practice management & development services for physicians primarily focusing on vascular disorders such as peripheral arterial disease (PAD). These minimally invasive procedures for (PAD) are performed by a highly skilled team of Interventional Cardiologists and Vascular Surgeons that specialize in this care and treatment. Millennium Vascular Management Group offers these physicians an alternative office-based setting to enhance patient care & comfort, physician flexibility and clinical outcome.
Cardiology Management Services - The cardiology practice management & development services offers practitioners a flexible business alternative to expand their patient retention and flow by providing advanced cardiology care & testing capabilities within their existing office setting. Advanced in-house services promote long-term patient retention and revenue for their practice.
Additional Services Offered:
Billing * Coding * Medical Devices * ProComm
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Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.
SOURCE Millennium HealthCare Inc.