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Biotech / Medical : Phymatrics (PHMX)

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To: Keith Fauci who wrote ()12/8/1997 10:43:00 AM
From: Ross   of 118
 
Osler Medical Partners With PhyMatrix and DASCO to Bring Convenient Health Care to Palm Bay

08:01 a.m. Dec 08, 1997 Eastern

WEST PALM BEACH, Fla.--(BW HealthWire)--Dec. 8, 1997--Osler Medical, one of Brevard County's most prestigious and well-respected multi-specialty physician groups, in conjunction with PhyMatrix Corp., (NASDAQ:PHMX), a national physician practice management company, and their wholly-owned medical real estate development subsidiary, DASCO COMPANIES, announce plans to develop an 18,400 square foot physician group practice facility to better serve Osler's patients in Palm Bay and West Melbourne. Construction has already begun on the facility, which is located at 900 Culver Drive on the southeast corner of the intersection of Palm Bay Road and I-95 in the growing Palm Bay community. Completion is targeted for February, 1998.

Osler Medical is a 42 member multi-specialty group which offers comprehensive care by an array of clinical specialists. From wellness and prevention programs to disease specific multi-disciplinary centers of excellence, Osler Medical is dedicated to providing health care to Brevard County communities. With the addition of this facility, they will have 9 office locations throughout the county. This new facility has been carefully planned to meet the demands of the comprehensive medical needs of the high growth areas of Palm Bay and West Melbourne.

"Partnering with PhyMatrix and DASCO on this project allows us to focus on our primary goal of providing high quality and cost effective health care to our community," said Osler's Chairman of the Board, Andrew Atkinson, M.D.

According to Frank Tidikis, Chief Operating Officer for PhyMatrix, "This facility will be custom-tailored to meet the needs of the wide variety of physician specialties and services Osler offers. We hope that this is the first of many facilities as Osler continues to grow and strives to fulfill their commitment to provide quality healthcare to the growing Brevard County communities."

Headquartered in West Palm Beach, PhyMatrix is a multispecialty, integrated physician practice management company. The Company provides management services to disease specialty and primary care physicians and provides related medical support services.

Founded in 1985, DASCO COMPANIES is the nation's leading full-service and off-balance-sheet medical real estate development and management firm. With offices in Atlanta, Boston, Dallas, Las Vegas, Philadelphia, San Diego and West Palm Beach, DASCO is the only firm in the country that has assembled all of the financial and technical resources necessary to develop major medical mall facilities and health parks on a turn-key, off-balance-sheet basis. DASCO became a wholly-owned subsidiary of PhyMatrix in 1996.

The 41 physician and practitioner staff members of Osler Medical include the following: Cardiology: David J. Pocoski, MD, FACC, Michael F. Lesser, MD, FACC, Robert S. Morris, MD, FACC, James P. Zavitsanos, MD, FACC, and Judy Williams, ARNP; Chiropractic Orthopedics: Michael T. Kambourelis, DC; Dermatology: Stacia Poole, MD, FAAD, and Rosalind A. Freas, MD, FAAD; Hematology/Oncology: Stephen H. Yandel, DO; Podiatry: Martin A. Lenoci, DPM; Rheumatology: Hector E. Ramirez, MD; Neurology: Roberta A. Rose, DO, Family Medicine: Brian J. Ellis, MD, Daniel B. Hammond, MD, Poonam Mishra, DO, and Glenn R. Slomin, DO; General, Oncologic & Vascular Surgery: Joseph A. Wasselle, MD; Digestive Diseases: Peter A. Koretsky, MD; Internal Medicine: Arland A. Adams, MD, Andrew M. Atkinson, MD, Mark S. Psarakis, MD, Effie D. Samitas, MD, David S. Shaprio, MD, Joseph S. Slattery, III, MD, Julie A. Gelman, MD, Judith McKenzie, MD, Sharon S. Glisson, ARNP and Carl F. Hunter, P.A.-C; Pulmonology: Thomas P. Howard, MD, PCCP; Sleep Disorders and Pulmonology: Michael B. Miller, MD; Pediatrics: Carolyn Feltus-Atkinson, MD, FAAP, Gabriel A. Hernandez, Ellen M. Altenburg, MD, MD, FAAP, Janet C. Shapiro, MD, FAAP, and James L. Quinlan, ARNP; Allergist: Mark W. Minor, MD; Geriatrics: John H. Potomski, Jr., DO, CMD, Joan E. Burritt, ARNP, and Marion G. Davenport, ARNP; and OB/GYN: Michael T. Valley, MD.

For more information on this project: Malcolm S. Sina, Executive Vice President, DASCO COMPANIES 1-800-452-8121. For additional information on PhyMatrix, visit their web site at phymatrix.com . For additional information on DASCO, visit their web site at dascomed.com .
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