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Biotech / Medical : PMCO - Promedco -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Strohsahl who wrote (91)	8/13/1998 3:40:00 PM
From: loafy loaf	Respond to of 106

Thursday August 13, 12:33 pm Eastern Time Company Press Release ProMedCo Completes Transaction With Physicians Primary Care of Southwest Florida Brings Total Number of Group Practice Physicians in Region to 170 FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 13, 1998--ProMedCo Management Company (Nasdaq/NM:PMCO - news) today announced that it has completed its acquisition of the assets of Physicians Primary Care of Southwest Florida, the largest independent practice in Lee County (Ft. Myers). The 47-provider group operates out of eight locations throughout the region. Terms of the transaction were not announced. Including the Company's recently announced letter of intent with 50-provider group Medical Associates of Pinellas, also located in Southwest Florida, this brings the number of group practice physicians in the region to approximately 170 providers, the largest network of group practice physicians in Southwest Florida. H. Wayne Posey, ProMedCo's president and chief executive officer, said, ''The closing of this transaction creates a dominant network in Southwest Florida. Such market strength gives us an advantage in structuring favorable arrangements with managed care and other payors. In addition, this transaction is further confirmation that ProMedCo is becoming the PPM of choice. Although the financial market may not be giving us proper credit for our solid performance, physicians continue to believe in us and recognize the fact that we bring added value to their practices. Our consistent track record and excellent relationships with our physicians have made us a major force in our industry in just six quarters of operation since our IPO in March 1997.'' This press release contains ''forward-looking statements'' which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on current expectations and may be significantly impacted by certain risks and uncertainties described herein and in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 1997. There can be no assurance that statements made in this press release relating to future events will be achieved. ProMedCo, headquartered in Fort Worth, Texas, is a physician practice management company. ProMedCo's focus is to affiliate with primary care-driven, multi-specialty physician groups in pre-managed care, secondary markets. The Company provides expertise in managed care, access to capital, information systems and experienced management. Contact: ProMedCo Management Company, Fort Worth H. Wayne Posey, 817/335-5035 More Quotes and News: ProMedCo Management Co (Nasdaq:PMCO - news) Related News Categories: medical/pharmaceutical

To: Joseph Strohsahl who wrote (91)	8/17/1998 9:14:00 AM
From: loafy loaf	Read Replies (2) \| Respond to of 106

PMCO - NEWS!! Monday August 17, 8:31 am Eastern Time Company Press Release ProMedCo Promotes Robert Smith to Chief Financial Officer FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 17, 1998--ProMedCo Management Company (Nasdaq/NM:PMCO - news) today announced that Robert D. Smith (age 38) has been promoted to senior vice president and chief financial officer. Smith joined the Company in January 1997 as vice president and controller and in April 1998 was promoted to vice president of finance. Commenting on the announcement, H. Wayne Posey, president and chief executive officer of ProMedCo, said, ''Robert has been instrumental in the success of our rapidly growing company. He has proven to be a dedicated employee, distinguishing himself with his technical skills and ability to communicate effectively with the investment community. His involvement in our recent public offering was a major reason for its success. Our company is fortunate to have such an individual, and we are delighted to recognize his contribution with this well-deserved promotion.'' Prior to joining ProMedCo, Smith was vice president and controller of US Foodservice Inc. and later with Rykoff-Sexton, Inc. after its merger with US Foodservice in 1996. He has also served as chief financial officer and controller of White Swan, Inc. and was a senior manager with Ernst & Young, serving in the Fort Worth, New York and Washington D.C. offices. Smith earned a Bachelor of Business Administration in Accounting from Texas Tech University and is a Certified Public Accountant. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. ProMedCo, headquartered in Fort Worth, Texas, is a physician practice management company. ProMedCo's focus is to affiliate with primary care-driven, multi-specialty physician groups in pre-managed care, secondary markets. The Company provides expertise in managed care, access to capital, information systems and experienced management. Contact: ProMedCo Management Co., Fort Worth H. Wayne Posey, 817/335-5035