|
|
|
CareCentric Ranked As Georgia Top 100 Company
For Overall Business Performance
Atlanta Journal-Constitution selects CareCentric as a top performer
based on executive management and key financial standards
Atlanta, GA (June 9, 2003) CareCentric, Inc. (OTC BB: CURA), a leading provider of management information systems to the home health care community, announced today their selection in the Atlanta Journal-Constitution’s Georgia 100 list. The Georgia 100 consists of publicly traded companies headquartered in the state of Georgia ranked by overall business performance including stock market assessment and executive management of resources. CareCentric was ranked 73 out of the top 100 Georgia companies.
"We are extremely proud to be selected to the "Georgia 100" list, stated John R. Festa, President and CEO of CareCentric, "and consider this to be a wonderful acknowledgement of company efforts made by each and every one of our associates over the past year." Mr. Festa added, "We have been, and will remain, very aggressive in making improvements necessary to drive revenue growth, improve our customer focus, and continue the positive operating/financial trends."
CareCentric was ranked among a formidable list of Georgia-based companies including UPS, AFLAC, Home Depot, BellSouth, Coca-Cola, Equifax and Cox Radio. The criteria for selection includes financial variables such as return on equity, return on investment, change in revenue and profit margin over prior year, as well as general revenue from operations. Financial numbers were compiled by PricewaterhouseCoopers LLP, an accounting and business consulting firm. The Georgia 100 list is celebrating its 10th year of publication and is a joint effort of both Pricewaterhouse and the Atlanta Journal-Constitution. The results display a measure of overall business performance and an indication of how well executives managed their corporate resources.
CareCentric provides information technology systems and services to over 2,000 customers. CareCentric provides freestanding, hospital-based and multi-office home health care providers (including skilled nursing, private duty, home medical equipment and supplies, IV pharmacy and hospice) complete information solutions that enable these home care operations to generate and utilize comprehensive and integrated financial, operational and clinical information. With offices nationwide, CareCentric is headquartered in Atlanta, Georgia.
The Atlanta Journal-Constitution is considered the largest metro-daily news publication in the Southeast and provides national and global news coverage to over 1 million readers daily. The Atlanta Journal-Constitution is owned by Cox Newspapers, a division of Cox Enterprises, headquartered in Atlanta, Georgia.
Note regarding Private Securities Litigation Reform Act: Statements made in this press release which are not historical facts, including projections, statements of plans, objectives, expectations, or future economic performance, are forward looking statements that involve risks and uncertainties and are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. CareCentric's future financial performance could differ significantly from that set forth herein, and from the expectations of management. Important factors that could cause CareCentric's financial performance to differ materially from past results and from those expressed in any forward looking statements include, without limitation, the inability to obtain additional capital resources, variability in quarterly operating results, customer concentration, product performance and acceptance, long sales cycles, long and varying delivery cycles, CareCentric's dependence on business partners, emerging technological standards, risks associated with acquisitions and the risk factors detailed in CareCentric's Registration Statement on Form S-4 (File No. 333-96529) and from time to time in CareCentric's periodic reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
|