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American CareSource Holdings Announces Matthew D. Thompson Move from Interim CFO to Chief Financial Officer

^{Published on 2010-08-11 09:30:36 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--American CareSource Holdings, Inc. (NASDAQ: ANCI), the nation's leading ancillary health care system, announced today the promotion of Controller and Vice President of Finance Matthew D. Thompson to Chief Financial Officer by the American CareSource Holdings (aACSa) Board of Directors at 3rd quarter meeting. Mr. Thompson had been acting as the interim Chief Financial Officer since the departure of CFO Steve Armond in March 2010.

"Matthew has made significant contributions to the Company over the two and a half years he has been with us; this is a well deserved promotion. We are fortunate to have someone of his caliber and dedication in the CFO role."

Commenting on Mr. Thompsona™s appointment, David S. Boone, Chief Executive Officer of ACS, said, aMatthew has made significant contributions to the Company over the two and a half years he has been with us; this is a well deserved promotion. We are fortunate to have someone of his caliber and dedication in the CFO role.a

Mr. Thompson joined ACS as Controller and Principal Accounting Officer in April 2008. Mr. Thompson spent almost ten years with publicly-held Tyler Technologies, Inc., a Dallas-based leading provider of integrated, end-to-end information management solutions and services to local governments. While at Tyler, Mr. Thompson held several key positions, including Division Controller of Tyler's Courts & Justice and Appraisal & Tax Divisions and Assistant Corporate Controller. Before joining Tyler, Mr. Thompson spent five years with Ernst & Young LLP. Mr. Thompson earned his Bachelor of Business Administration from Baylor University and is a Certified Public Accountant in the state of Texas. He is a member of both the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants.

aI believe in what ACS is accomplishing in the market by reducing healthcare costs and being on the front lines of addressing healthcare reform,a said Mr. Thompson, aI am grateful for this opportunity and for the confidence the Board of Directors has shown in my abilities. I am eager to work with David and the ACS Board of Directors to create the design of ACSa™s future growth and development in the strategic role afforded the Chief Financial Officer.a

About American CareSource Holdings, Inc.

American CareSource Holdings, the first national, publicly traded ancillary care network services company, offers a comprehensive national network of over 4,600 ancillary service providers at more than 38,000 sites through its subsidiary, Ancillary Care Services. Ancillary Care Services provides ancillary health care services through its network that offers cost effective alternatives to physician and hospital-based services. This market is estimated at $574 billion and has grown to over 20% of total national health expenditures. These providers offer services in 31 categories including laboratories, dialysis centers, free-standing diagnostic imaging centers, non-hospital surgery centers, as well as durable medical equipment such as orthotics and prosthetics and others.

The Company's ancillary network and management provides a complete outsourced solution for a wide variety of health care payors and plan sponsors including self-insured employers, indemnity insurers, preferred provider organizations, health maintenance organizations, third party administrators and both federal and local governments. For additional information, please visit [ www.anci-care.com ].

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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Any statements that are not historical facts contained in this release, including with respect to future engagements by clients, revenue growth, earnings, and guidance are forward-looking statements. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements may prove to be inaccurate or may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve further risks and uncertainties, including but not limited to those relating to demand for our services, pricing, market acceptance, our ability to integrate with our clients, our ability to attract and maintain providers, our ability to manage growth, the effect of economic, political and regulatory conditions, the effect of competition, risks in product development, the ability to complete transactions, and other risks identified in this release, and the Securities and Exchange Commission filings of American CareSource Holdings, Inc.