First Choice Healthcare Solutions Inc (FCHS)

[geodan]

Audio of Q CC, very good!ThisCompanyGrowingLikeaWeed$63aMinute

https://www.webcaster4.com/Webcast/ListenPage?companyId=1527&webcastId=18426

They average $63 a minute for their doctors, impressive.

MELBOURNE, FL--(Marketwired - Nov 22, 2016) - First Choice Healthcare Solutions, Inc. ( OTCQB : FCHS ) ("FCHS," "First Choice" or the "Company"), one of the nation's only non-physician-owned, publicly traded healthcare services companies focused on the delivery of total musculoskeletal solutions with an emphasis on Orthopaedics, including spine care and treatment, today issued formal financial guidance of $40-$45 million for 2017 full year revenues and 15%-20% for 2017 full year adjusted EBITDA margin.

Company President and CEO Chris Romandetti, noted, "As discussed on our recent third quarter results conference call, we are very confident in First Choice's ability to perpetuate our success with executing key organic and strategic initiatives designed to fuel our revenue and earnings growth through 2017. More specifically, organic growth will stem from the following:

the addition of new surgeons and physician assistants who have signed to join our clinical teams between now and the first quarter of next year;
increasing the number of Orthopaedic and Spine surgical procedures we perform each year due to the aforementioned expansion of our medical team -- in 2016, we saw this number grow from an annualized run-rate of approximately 2400+ in Q116 to 3100+ in Q316, and expect to increase it to 5,000 in 2017;
expansion of our Physical and Occupational Therapy division throughout the greater Space Coast, Florida service region; and
materially increasing utilization of our ambulatory surgery center facilities and services.
"First Choice's strategic growth will be propelled by possible acquisition of other healthcare service businesses that will either enhance or expand our current ancillary service lines and through the launch of our Orthopaedic bundled payment pilot programs early in the new year," Romandetti added. "Given our confidence in successfully executing these, among other initiatives, we have no reservations about issuing formal revenue guidance of $40-$45 million for next year and adjusted EBITDA guidance of 15-20%. However, as we move through the new year, we will reevaluate our guidance quarterly and revise or reiterate our expectations, as appropriate."

For those unable to participate on First Choice's live third quarter results conference call, an audio replay of the event is available on the Company's website investor relations page, found at http://ir.myfchs.com/.

About First Choice Healthcare Solutions, Inc.