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Aug 28, 2008 -- ER Urgent Care Holdings, Inc. (Other OTC:ERUC.PK) is pleased to announce that the members of Company's Board of Directors, its officers, employees and other affiliated and related persons have pledged to exchange over 1,000,000,000 shares of common stock for shares of Series B Preferred as part of the previously announced Preferred for Common Stock exchange program. ER Urgent Care Holdings, Inc. is offering stockholders the right to exchange the Company's Common Stock for shares of Series B Preferred Stock, on the basis of one share of the Series B, valued at $1.00 per share for each 1,000 shares of the Company's Common Stock tendered. The shareholders will also receive warrants to purchase one share of the Company's Common Stock for each share of Common Stock tendered.
A shareholder must tender at least 1,000,000 shares of Common Stock in order to take part in this Exchange Offer and the deadline for delivering the certificates to the Company's transfer agent, Transfer Online, is the close of business on September 30, 2008. To view the full terms of the Preferred Share Exchange offer, please visit the following link: http://erucc.net/pdfs/Offer_to_Exchange_Common_Stock.pdf.
August 28, 2008 -- Health Management Associates, Inc. (NYSE:HMA) announced today that it has completed the sale of its 79-bed Southwest Regional Medical Center to Baptist Health located in Little Rock, Arkansas. This transaction is effective August 27, 2008, and HMA expects to use the proceeds of the sale for general corporate purposes, which includes debt repayment.
HMA's mission is the delivery of compassionate and high quality health care services that improve the quality of life for its patients, physicians, and the communities it serves. HMA owns and operates 56 hospitals, with approximately 8,000 licensed beds, in non-urban communities located throughout the United States. All references to "HMA" or the "Company" used in this release refer to Health Management Associates, Inc. or its affiliates.
August 28, 2008 -- SonoSite, Inc. (Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound for the point-of-care, today said that Thomas J. Dugan, Senior Vice President, Global Marketing and US Sales, will resign as of September 11, 2008. Mr. Dugan will be joining the Advanced Wound Management Division of Smith & Nephew as President of its North American Business, headquartered in St. Petersburg, Florida.
I want to thank Tom for his many contributions to SonoSite since joining the company in 2005," said Kevin M. Goodwin, SonoSite President and CEO. "He has been instrumental in developing the company's focus on point-of-care ultrasound and has built a strong marketing and sales team. We wish Tom great success in his new position." "It has been a rewarding experience to work with SonoSite and help the company achieve its growth objectives," Mr. Dugan said. "SonoSite leads the way in opening visualization at the point-of-care to help physicians deliver better and safer patient care. I am very proud to have worked with such an exceptional group of people and know that the company is well positioned to continue to succeed on the many opportunities ahead."
August 28, 2008 - Aetna (NYSE:AET) announced today that it has made its CareEngine-powered Personal Health Record (PHR) available to current Aetna Medicare members who purchased their Medicare plans individually. This unique, interactive tool is designed to better engage Medicare members in managing their own health, as well as make it easier for members to share health information with their physicians.
Aetna's PHR combines a wide variety of health information gathered from across the health care spectrum -- such as physician offices, labs, diagnostic treatment and pharmacies -- with user-entered information such as family history or allergies, and houses it in a secure, online location. This type of tool is especially important to Medicare members as more and more of them use the Internet. A May 2008 study from the Pew Internet & American Life Society estimates that 35 percent of individuals age 65 and over use the Internet, and the percentage increase for this age group has been greater than any other since 2000.
With permission from the member, the Personal Health Record can be shared online with physicians and other health care professionals. In addition, members can easily print copies to bring to office visits to help fill out forms. They also have the ability to create and print a wallet-sized Emergency Information Card that contains important information such as name, date of birth, blood type, emergency contacts, allergies, medications, and physician and insurance information.
Aetna's PHR also uses patented CareEngine technology that continuously scans an individual's health data and claims information and compares it to current, established medical best practices. It can then alert members and doctors about possible urgent situations and opportunities to improve care.
Market Wrap for August 28, 2008 Thursday marked another low volume session for stocks, but the lack of buying conviction didn't stop the major indices from trending more than 1% higher to finish near session highs. The advance was prompted by encouraging economic data, retreating oil prices, and leadership from the financial sector.
Trading volume on the NYSE failed to break one billion shares for the ninth straight session. Volume typically exceeds the one billion shares mark with relative ease. The lack of trading suggests there may be little conviction behind the stock market's recent moves. Nonetheless, the session's advance remains pleasing to bullish investors.
Stocks took off early following the announcement of second quarter GDP data. Growth was revised upward to 3.3% from a previously reported 1.9%. Exports and personal consumption played a key role and suggested the economy is faring far better than many headlines suggest. Additionally, trends in the data suggest third quarter GDP will expand at a similar rate.
Initial jobless claims for the week ending Aug. 23 fell 10,000 to 425,000. Meanwhile, the four-week moving average retreated to 440,250 from 446,250. The numbers reflect soft labor conditions and indicate a modest decline for August nonfarm payrolls is likely.
Crude futures climbed as much as 2% early on, moving higher on fear that Hurricane Gustav will disrupt Gulf production. As those fears subsided and a larger-than-expected build in natural gas inventories was announced oil dropped as much as 3.4%. It closed more than 2% lower, near $115.55.
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To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource was compensated 8,900,000 of unrestricted stock of ERUC in February 2008 for services rendered. As of the date of this release, InvestSource is not holding any shares of ERUC. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer.
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