Management to Host Shareholder Update Conference Call to Discuss Strategic Partnership in Further Detail on Thursday, Feb 8th during 11:00 a.m. ET
MELBOURNE, Fla., Feb. 07, 2018 (GLOBE NEWSWIRE) — First Choice Healthcare Solutions, Inc. (OTCQB:FCHS) (“First Choice” or a “Company”), a entirely integrated, non-physician-owned, publicly traded medical smoothness height providing a full life cycle of caring for patients by diagnosis, diagnosis and recovery, now announced that a Company is entering into a vital partnership with Steward Health Care System (“Steward”), a largest private sanatorium user in a United States. As partial of a vital partnership, Steward will make an investment into First Choice in a volume of $7.5 million for 5 million shares, permitting a Company to continue to enhance a business indication and geographic footprint nationally.
The partnership allows First Choice a event to enhance a orthopaedic and spine caring smoothness height into Steward’s 36 inhabitant sanatorium network. Currently, First Choice Medical Group of Brevard, a auxiliary of First Choice, utilizes dual of Steward’s comforts in Florida. Together, First Choice and Steward have begun a routine of evaluating a subsequent Steward Hospital complement where First Choice can exercise a targeted smoothness platform. First Choice has a proven business model, delivering high peculiarity studious care, shortening altogether medical costs, progressing studious outcomes, and ranking above inhabitant averages.
Chris Romandetti, President and CEO of First Choice, stated, “We have been building a vital devise with Steward Health Care, a largest private sanatorium user in a U.S. with inhabitant reach, and it is with good respect to rigourously announce this vital partnership and investment. Together, we will examination a routine to rollout a unique, proven, smoothness height among Steward’s 34 other Hospital comforts and weigh that locations can advantage both companies in a synergistic way. Additionally, given Steward’s immeasurable footprint and perfect volume of patients, there are significant, prolonged tenure advantages that will directly impact both of a companies positively. we am vehement to share some-more about this vital partnership on a call this Thursday, Feb 8th during 11:00am.”
Dr. Mike Callum, Executive Vice President for Physician Services of Steward Health Care System, said, “We are gratified to strictly enter into a vital partnership with First Choice after building a successful operative relationship. We demeanour brazen to aiding a Company with their enlargement skeleton as they exercise their height into a network. As a outcome of a partnership, we expect altogether outcomes for a patients will improve, while concurrently shortening altogether medical costs opposite a network.”
As partial of a vital partnership, Steward shall appropriate dual house members to First Choice’s house of directors.
Chris Romandetti commented, “With Steward’s appointment of dual additional directors, we are in a final stairs to appropriate a remaining house members to accommodate a inhabitant exchanges’ requirement for up-listing.”
Shareholder Update Conference Call to Discuss Strategic Partnership:
Date: Thursday, Feb 8, 2018
Time: 11:00 a.m. ET
Domestic Dial-in number: (866) 682-6100
International Dial-in number: (404) 267-0373
Live webcast: https://www.webcaster4.com/Webcast/Page/1527/24437
About Steward Health Care
Steward Health Care, a largest private sanatorium user in a United States, is a physician-led health caring services classification committed to providing a tip peculiarity of caring in a communities where patients live. Headquartered in Boston, Massachusetts, Steward operates 36 village hospitals inhabitant that occupy approximately 37,000 people and frequently accept tip awards for peculiarity and safety. The Steward network includes some-more than 26 obligatory caring centers, 42 elite learned nursing facilities, estimable behavioral health services, over 7,300 beds underneath management, and some-more than 1.5 million full risk lonesome lives by a company’s managed caring and health word services. The sum series of paneled lives within Steward’s integrated caring network is projected to strech 3 million in 2018.
Steward’s singular health caring use smoothness indication leverages technology, innovation, and caring coordination to keep patients healthier. With a enlightenment that prioritizes agility, resourcefulness, and continual improvement, Steward is famous as one of a nation’s heading accountable caring organizations. The Steward Health Care Network includes thousands of physicians who assistance to yield some-more than 12 million studious encounters per year. Steward Medical Group, a company’s employed medicine group, provides some-more than 1 million studious encounters per year. The Steward Hospital Group operates hospitals in Arizona, Arkansas, Colorado, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, Texas, and Utah.
About First Choice Healthcare Solutions, Inc.
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is implementing a tangible enlargement plan directed during expanding a network of non-physician-owned medical centers of excellence, that combine on treating patients in a following specialties: Orthopaedics, Spine Surgery, Interventional Pain Management, Physical Therapy and other subordinate and evidence services in pivotal enlargement markets via a U.S. Serving Florida’s Space Coast, a Company’s flagship integrated height now administers over 100,000 studious visits any year and is comprised of First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center. For some-more information, greatfully visit www.myfchs.com, www.myfcmg.com, www.thebackcenter.net and www.cranecreeksurgerycenter.com.
Safe Harbor Statement
Certain information set onward in this news proclamation might enclose forward-looking statements that engage estimable famous and different risks and uncertainties. These forward-looking statements are theme to countless risks and uncertainties, certain of that are over a control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are formed on stream expectations, estimates and projections about a Company’s industry, government beliefs and certain assumptions done by a management. Readers are cautioned that a assumptions used in a credentials of such information, nonetheless deliberate reasonable during a time of preparation, might infer to be close and, as such, undue faith should not be placed on forward-looking statements. Information concerning factors that could means a Company’s tangible formula to differ materially from those contained in these forward-looking statements can be found in a Company’s periodic reports on Form 10-K and Form 10-Q, and in a Current Reports on Form 8-K, filed with a Securities and Exchange Commission. Unless compulsory by law, a Company undertakes no requirement to refurbish publicly any forward-looking statements, either as a outcome of new information, destiny events, or differently to simulate destiny events or resources or simulate a occurrence of amazing events.
Contact Information:
First Choice Healthcare Solutions, Inc.
Julie Hardesty
Phone: 321-725-0090 ext 288
Email: IR@myfchs.com
Investor Contact:
Valter Pinto / Allison Soss
KCSA Strategic Communications
Phone: +1 (212) 896-1254/+1 (212) 896-1267
Email: FCHS@KCSA.com
