MELBOURNE, Fla.-- 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.
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.
At the Company:
First Choice Healthcare Solutions, Inc.
President and CEO
Source: First Choice Healthcare Solutions, Inc.
Released May 31, 2012