Tri-Isthmus Group, Inc. Partners With Health Inventures LLC
31 3월 2006 - 12:29AM
PR Newswire (US)
LA JOLLA, Calif., March 30 /PRNewswire-FirstCall/ -- Tri-Isthmus
Group, Inc. (the "Company" or "TIGroup") (OTC:TISG) (BULLETIN
BOARD: TISG) has partnered with Health Inventures LLC ("HI") and
introduced HI to work with the Company's ambulatory surgery center
("ASC") investments. David Hirschhorn, Co-CEO of TIGroup(TM)
commented, "A key aspect of our growth strategy was to partner with
an industry leading service provider such as Health Inventures
LLC." Mr. Hirschhorn added, "Contracting with Health Inventures LLC
as our management partner permits us to more aggressively pursue
acquisition and investment opportunities in our target markets."
"Working with TIGroup to manage their ASC investments is an
exciting opportunity for us that assists us in our growth
initiatives and continues to expand our industry platform and
further leverages our industry leading infrastructure" stated
Richard Hanley, CEO of Health Inventures, LLC. Mr. Hanley added,
"We look forward to continuing to grow our relationship with
TIGroup as we evaluate new business opportunities together.
TIGroup(TM) recently acquired an initial 19.99% ownership in two
ASCs in Point Loma and Del Mar, California. Upon completion of the
audits of each center, TIGroup(TM) shall acquire an additional
31.01%, for a total of 51% ownership and will become the general
partner for each ASC. The second closing shall permit the Company
to consolidate the operating results of each ASC into TIGroup(TM).
TIGroup(TM) is seeking opportunities to both invest in and acquire
ambulatory surgery centers, imaging centers and specialty surgical
hospitals. About Health Inventures LLC: Health Inventures, LLC has
over 25 years of experience developing and managing ambulatory
surgery centers and have been involved in the launch of more than
100 successful ambulatory surgery centers, surgical hospitals and
diagnostic imaging centers. Health Inventures currently manages 29
ambulatory surgery centers, 1 surgical hospital, 1 diagnostic
imaging center and has another 5 facilities in development,
including 2 surgical hospitals. Health Inventures is headquartered
in Broomfield, Colorado and has offices in Cincinnati, Ohio and
London, England. http://www.healthinventures.com/ About Tri-Isthmus
Group, Inc. TIGroup(TM) is a public holding company focused on the
acquisition of private businesses in the healthcare, business and
energy services sectors. The company actively seeks out profitable
or near profitable businesses that provide a platform for
accelerated growth via additional acquisitions and attractive
internal growth dynamics. The TIGroup(TM) team, board and advisory
board combine significant experience in operations, acquisitions,
financing, asset management, turnarounds and the management of
private and public companies. TIGroup(TM) makes its investments in
the healthcare services sector through its subsidiary, Surgery
Center Acquisitions Holdings, Inc. TIGroup has offices in La Jolla,
CA, and is listed on the OTCBB, trading symbol TISG.OB. Forward
Looking Statements This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995,
including, among others (i) prospective business opportunities and
(ii) Tri-Isthmus Group's potential strategies for redirecting and
financing its business. Forward-looking statements are statements
other than historical information or statements of current
condition. These statements involve risks and uncertainties that
cannot be predicted or quantified, and consequently, actual results
may differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include
the factors detailed in the Company's Annual Report on Form 10-K
filed with the Securities and Exchange Commission. These statements
speak as of the date of this release, and the Company undertakes no
obligation to update these statements in light of future events or
otherwise. For more information contact: David Hirschhorn at (818)
887-6659. DATASOURCE: Tri-Isthmus Group, Inc. CONTACT: David
Hirschhorn of Tri-Isthmus Group, Inc., +1-818-887-6659 Web site:
http://www.healthinventures.com/
Copyright