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CARECENTRIC, INC.
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FOR IMMEDIATE RELEASE COMPANY CONTACT:
JOHN R. FESTA
PRESIDENT AND CEO
(678) 264-4400
CARECENTRIC RANKED AS GEORGIA TOP 100 COMPANY FOR OVERALL BUSINESS PERFORMANCE
Mon, June 09, 2003
ATLANTA, -- CareCentric, Inc. , a leading provider of management information
systems to the home health care community, announced today their selection in
the Atlanta Journal-Constitution's Georgia 100 list. The Georgia 100 consists of
publicly traded companies headquartered in the state of Georgia ranked by
overall business performance including stock market assessment and executive
management of resources. CareCentric was ranked 73 out of the top 100 Georgia
companies.
"We are extremely proud to be selected to the 'Georgia 100' list, stated John R.
Festa, President and CEO of CareCentric, "and consider this to be a wonderful
acknowledgement of company efforts made by each and every one of our associates
over the past year." Mr. Festa added, "We have been, and will remain, very
aggressive in making improvements necessary to drive revenue growth, improve our
customer focus, and continue the positive operating/financial trends."
CareCentric was ranked among a formidable list of Georgia-based companies
including UPS, AFLAC, Home Depot, BellSouth, Coca-Cola, Equifax and Cox Radio.
The criteria for selection includes financial variables such as return on
equity, return on investment, change in revenue and profit margin over prior
year, as well as general revenue from operations. Financial numbers were
compiled by PricewaterhouseCoopers LLP, an accounting and business consulting
firm. The Georgia 100 list is celebrating its 10th year of publication and is a
joint effort of both Pricewaterhouse and the Atlanta Journal-Constitution. The
results display a measure of overall business performance and an indication of
how well executives managed their corporate resources.
CareCentric provides information technology systems and services to over 2,000
customers. CareCentric provides freestanding, hospital-based and multi- office
home health care providers (including skilled nursing, private duty, home
medical equipment and supplies, IV pharmacy and hospice) complete information
solutions that enable these home care operations to generate and utilize
comprehensive and integrated financial, operational and clinical information.
With offices nationwide, CareCentric is headquartered in Atlanta, Georgia.
The Atlanta Journal-Constitution is considered the largest metro-daily news
publication in the Southeast and provides national and global news coverage to
over 1 million readers daily. The Atlanta Journal-Constitution is owned by Cox
Newspapers, a division of Cox Enterprises, headquartered in Atlanta, Georgia.
For more information, please visit: http://www.carecentric.com
Note regarding Private Securities Litigation Reform Act: Statements made in this
press release which are not historical facts, including projections, statements
of plans, objectives, expectations, or future economic performance, are forward
looking statements that involve risks and uncertainties and are subject to the
safe harbor created by the Private Securities Litigation Reform Act of 1995.
CareCentric's future financial performance could differ significantly from that
set forth herein, and from the expectations of management. Important factors
that could cause CareCentric's financial performance to differ materially from
past results and from those expressed in any forward looking statements include,
without limitation, the inability to obtain additional capital resources,
variability in quarterly operating results, customer concentration, product
performance and acceptance, long sales cycles, long and varying delivery cycles,
CareCentric's dependence on business partners, emerging technological standards,
risks associated with acquisitions and the risk factors detailed in
CareCentric's Registration Statement on Form S-4 (File No. 333-96529) and from
time to time in CareCentric's periodic reports filed with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
INVESTOR NOTICE
CareCentric plans to file with the SEC a proxy statement and other relevant
documents concerning the merger. Investors of CareCentric are urged to read the
proxy statement when it is filed and any other relevant documents filed with the
SEC because they will contain important information. You will be able to obtain
the documents free of charge at the website maintained by the SEC at
www.sec.gov. In addition, you may obtain documents filed with the SEC by
CareCentric free of charge by requesting them in writing from Ana McGary at
CareCentric, Inc., 2625 Cumberland Parkway, Suite 310, Atlanta, GA 30339 or by
telephone at (678) 264-4400.
CareCentric, its directors and executive officers and certain of their
employees and the investor group described previously may be deemed to be
participants in the solicitation of proxies from the stockholders of CareCentric
in connection with the merger, if consummated. These participants may have
interests in the merger, if consummated, including interests resulting from
holding options or shares of CareCentric common stock. Information about the
interests of directors and executive officers of CareCentric, the investor
group, and their ownership of securities of CareCentric will be set forth in the
proxy statement.
Investors should read the proxy statement carefully when it becomes
available before making any voting or investment decisions.
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