Pediatric Services OF America (NASDAQ:PSAI)
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From Jun 2019 to Jun 2024
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PSA HealthCare (Nasdaq: PSAI) today announced that a
company-owned laptop computer was stolen from an employee's vehicle in
a public parking lot. The laptop computer contained certain personal
information of approximately 51,000 current and former patients,
including names and social security numbers and, in a limited number
of cases, personal health information. The laptop computer was
password protected and PSA has no indication that any of the
information has been accessed or misused. However, PSA will begin to
contact the affected individuals in order to provide them with steps
to take to protect themselves from any possible misuse of their
personal information.
"We deeply regret this incident and extend our sincerest apologies
to all current and former patients," said Daniel J. Kohl, President
and CEO of PSA. "In light of this episode, we have taken certain steps
to augment data security policies and procedures."
PSA provides comprehensive pediatric home health care services
through a network of over 100 branch offices in 20 states, including
satellite offices and branch office start-ups. Through these offices,
PSA provides a combination of services, including pediatric private
duty nursing (PDN), pediatric day treatment centers (PPECs) and
respiratory therapy and equipment services (RTES). Additional
information on PSA may be found on the Company's website at
http://www.psahealthcare.com.
NOTE: This press release contains certain forward-looking
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995) relating to future financial
performance of Pediatric Services of America, Inc. (the "Company").
When used in this press release, the words "may," "targets," "goal,"
"will," "could," "should," "would," "believe," "feel," "expects,"
"confident," "anticipate," "estimate," "intend," "plan," "potential"
and similar expressions may be indicative of forward-looking
statements. These statements by their nature involve substantial risks
and uncertainties, certain of which are beyond the Company's control.
The Company cautions that various factors, including the factors
described hereunder and those discussed in the Company's other filings
with the Securities and Exchange Commission, as well as general
economic conditions, industry trends, the Company's anticipated uses
of the proceeds from the sale of its Pharmacy Business, the Company's
ability to collect for equipment sold or rented, assimilate and manage
previously acquired field operations, collect accounts receivable,
including receivables related to acquired businesses and receivables
under appeal, hire and retain qualified personnel and comply with and
respond to billing requirements issues, including those related to the
Company's billing and collection system, nurse shortages, competitive
bidding, HIPAA regulations, Average Wholesale Price ("AWP")
reductions, adverse litigation, workers' compensation losses,
availability and cost of medical malpractice insurance and reduced
state funding levels and nursing hours authorized by Medicaid
programs, and the impact of changes resulting from the recently
enacted Medicare Act, could cause actual results or outcomes to differ
materially from those expressed in any forward-looking statements of
the Company made by or on behalf of the Company. Any forward-looking
statement speaks only as of the date on which such statement is made,
and the Company undertakes no obligation to update any forward-looking
statement or statements to reflect events or circumstances after the
date on which such statement is made or to reflect the occurrence of
an unanticipated event. New factors emerge from time to time, and it
is not possible for management to predict all of such factors.
Further, management cannot assess the impact of each such factor on
the business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements.