American Surgical Holdings (fka ASRG)

[MikeDDKing]

I don't think they are planning on franchising but they have been adding different regions over the recent past and intend to continue expanding.

The 2007 10-K states: "We market our services to hospitals, surgeons and healthcare facilities. Presently, we provide service in Houston and Corpus Christi, Texas. We plan to extend our services to other healthcare facilities in Texas and ultimately, we plan to offer our services throughout the country."

The 2009 10-K states: "We market our services to hospitals, surgeons and healthcare institutions. Presently, we provide service in Houston and Corpus Christi, Texas, Lawton, Oklahoma, Suffolk, Virginia, San Antonio, Texas, Memphis, Tennessee and Augusta, Georgia. We plan to extend our services to other healthcare facilities in Texas and the southeastern United States, and ultimately, we plan to offer our services throughout the country."

So, they expanded into Oklahoma, Virginia, Tennessee, and Georgia in 2008 and 2009.

The Q3'10 10-Q states: "We market our services to hospitals, surgeons and healthcare facilities. Presently, we provide service in Texas, Oklahoma, Virginia, Tennessee and Georgia. We plan to extend our services to other healthcare facilities in other states."

The Q3'10 10-Q also states: "The increase in revenue is due primarily to a 2.6% increase in the number of cases performed by our surgical assistants during the third quarter of 2010 compared to the comparable quarter of 2009. These new cases originated in part due to our provision of services at additional facilities in Georgia and Tennessee during the third quarter of 2010 as compared to the same quarter of 2009."

The Q3'10 filings shows that they have recently expanded their business and intend to continue expanding.