news IBXG up 14%
BX Group to Add Four New Multi-Disciplinary Clinics to Florida HealthSource
Network
Business Editors/Health/Medical Writers
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Oct. 9, 2003--Florida
HealthSource, a division of iBX Group, Inc. (OTCBB:IBXG), today
announced it will add four locations to its fast-growing network of
multi-disciplinary health centers throughout South and Central
Florida. The new centers -- in Boynton Beach, Delray Beach, Lighthouse
Point and Lauderdale Lakes -- will feature a variety of pain
management services, physical therapy and occupational therapy, as
well as physiatry, chiropractic and podiatric care.
The recent development prompted iBX to increase revenue guidance
for Florida HealthSource from $4.9 million to $6 million for the
coming year.
"With the addition of these locations, we will bring the number of
freestanding Florida HealthSource centers to 14 and the total to 18,"
said Evan R. Brovenick, president and CEO of iBX Group. "The expansion
will enable us to far exceed our goals of opening 10 facilities and
managing a large network of physical therapy centers during 2003, and
also ensures the saturation of the South Florida market with our
unique multi-disciplinary center concept."
As part of the expansion, Florida HealthSource will add three new
board-certified medical directors to its team. iBX recently announced
that it has turned over the management of Florida HealthSource, which
maintains a statewide referral network with access to 450,000 Florida
residents, to Keith, Scott and Kevin McCoy. They previously managed a
prominent chain of physical therapy clinics within the state of
Florida, and they currently operate two integrated multi-disciplinary
healthcare centers in Broward County that are being acquired by iBX.
Based in Deerfield Beach, Florida, iBX Group Inc. develops and
deploys creative, cost-effective methods for integrating financial,
administrative and information services for the healthcare industry.
iBX is a results-oriented company, consisting of five divisions - iBX
Technologies, which enables healthcare organizations to maximize their
accounts receivables; Florida HealthSource, a network of physical
therapy and wellness centers; MediCompliant Solutions, which ensures
medical practices' compliance with today's complex legal requirements;
iBX Transcription Services, which offers physicians quick turn-around
and Web-accessible progress reports; NursesSTAT, a revolutionary
temporary staffing solution. IBX also owns SportshealthNet.com and
TheNetDigest.com, interactive Web portals providing patients with
comprehensive healthcare information and advice, and increasing
physician referrals.
This release is comprised of interrelated information that must be
interpreted in the context of all of the information provided and care
should be exercised not to consider portions of this release out of
context. This release contains certain "forward-looking statements and
information" (as defined in the Private Securities Litigation Reform
Act of 1995) concerning iBX Group, Inc. that are based on the beliefs
of iBX Group, Inc.'s management, as well as assumptions made by and
information currently available to iBX Group, Inc. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties, including those risks and uncertainties detailed in
iBX's filings with the Securities and Exchange Commission.
--30--BL/mi*
CONTACT: iBX Group, Inc., Deerfield Beach
Andrew M. Rose, 954/428-2678
andy@marketingink.net
KEYWORD: FLORIDA
INDUSTRY KEYWORD: MEDICAL
SOURCE: iBX Group, Inc.
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Oct-09-2003 11:30 GMT
Symbols:
US;IBXG
Source BW Business Wire
Categories:
MST/I/MTC MST/R/US/FL TGT/BWN
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