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XSI American Caresource Holdings

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Share Name Share Symbol Market Type
American Caresource Holdings AMEX:XSI AMEX Ordinary Share
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  0.00 0.00% 0.00 -

American CareSource Holdings Signs New Client Agreement With Emerald Health Network

04/06/2008 12:05pm

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DALLAS, TX announced today it has signed a new agreement with Emerald Health Network (EHN) to provide ancillary care services to EHN's Preferred Provider Organization (PPO) and payor client base. Emerald Health Network is one of Ohio's premier PPO networks and has served as a leading healthcare solutions company for both the employer and provider communities since 1983.

Under the agreement, American CareSource will make its growing array of ancillary care services available to Emerald Health's clients through its network of ancillary care providers. American CareSource expects to realize an estimated $1 million in additional annual revenue once the agreement is fully implemented.

Commenting on today's news, David S. Boone, Chief Executive Officer of American CareSource, stated, "We are very pleased to have added EHN, one of the strongest PPOs in the Midwest, to our client roster, and look forward to bringing our services to their growing constituency. As a result of this new relationship, we will have the unique opportunity to provide EHN's customer base with high quality benefit offerings while, at the same time, helping to reduce the overall cost of ancillary care services."

About Ancillary Healthcare Services

American CareSource provides ancillary healthcare 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 approximately 2,500 ancillary service providers at over 25,000 sites. The Company's ancillary network and management provides a complete outsourced solution for a wide variety of healthcare payors and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third party administrators and both federal and local governments.

About Emerald Health

EHN is comprised of 225 hospitals, 2,500+ ancillary providers and over 30,000 physician locations throughout Ohio and bordering areas of contiguous states. EHN also offers access to the Interplan Health Group multi-state provider network, comprised of over 300,000 providers. Additionally, EHN's clients enjoy access to Superien Health Network, a national network consisting of over 600,000 physicians and hospitals, as well as the Pharmacy Benefit Manager services of AmeriScript, including more than 57,000 pharmacies nationwide. EHN is a division of The Parker Group, Inc., a privately held healthcare services company.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements 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 product demand, pricing, market acceptance, the effect of economic conditions, and intellectual property rights, and the outcome of competitive products, 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: David S. Boone Chief Executive Officer American CareSource Holdings, Inc. Tel: 972-308-6830

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