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Last $1.55 USD
Change Today +0.09 / 6.16%
Volume 140.0
ANCI On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

american caresource holdings (ANCI) Snapshot

Open
$1.55
Previous Close
$1.46
Day High
$1.55
Day Low
$1.55
52 Week High
06/1/15 - $3.88
52 Week Low
05/19/15 - $1.29
Market Cap
10.5M
Average Volume 10 Days
4.7K
EPS TTM
$-1.74
Shares Outstanding
6.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN CARESOURCE HOLDINGS (ANCI)

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american caresource holdings (ANCI) Details

American CareSource Holdings, Inc. engages in urgent and primary care, and ancillary services provider network businesses in the United States. The company operates healthcare centers that offer an array of services for non-life-threatening medical conditions primarily to young and middle-aged adults. Its healthcare centers provide non-life-threatening, out-patient medical care for the treatment of acute, episodic, and some chronic medical conditions. The company’s ancillary healthcare services comprise an array of services that supplement or support the care provided by hospitals and physicians, including laboratory, dialysis, durable medical equipment, infusion, and surgery center. It also provides claims management, reporting, processing, and payment services; performs network/needs analysis to assess the benefits to payors clients of adding additional/different service providers to the client-specific provider networks; and credentializes network service providers for inclusion in the payor-specific provider networks. The company sells its services to various healthcare companies, including third party administrators, insurance companies, large self-funded organizations, various employer groups, and preferred provider organizations. It owns and operates 10 urgent and primary care centers, including 3 in Georgia, 2 in Florida, 3 in Alabama, and 2 in Virginia; and provides approximately 5,000 ancillary healthcare service providers in approximately 33,500 sites. The company was founded in 1995 and is headquartered in Atlanta, Georgia.

111 Employees
Last Reported Date: 03/31/15
Founded in 1995

american caresource holdings (ANCI) Top Compensated Officers

Chief Information Officer
Total Annual Compensation: $183.3K
Vice President of Strategic Development
Total Annual Compensation: $196.1K
Compensation as of Fiscal Year 2014.

american caresource holdings (ANCI) Key Developments

American Caresource Holdings, Inc. Announces Executive Changes

On July 16, 2015, Anthony R. Levinson provided American CareSource Holdings, Inc. with notice of his resignation from his position as Chief Financial Officer of the Company. Mr. Levinson's resignation will be effective upon the transition of his duties, which he and the Company believe will occur prior to August 15, 2015. By virtue of his resignation, Mr. Levinson's employment agreement with the Company, dated January 12, 2015, will terminate on his final date of employment with the Company. On July 22, 2015, the board of directors of the Company appointed Adam S. Winger, the Company's current General Counsel, Secretary and Vice President of Acquisitions, to serve in the additional capacity of Interim Chief Financial Officer, effective immediately upon Mr. Levinson's separation from the Company, to serve until such time as a permanent replacement for this position is named. Mr. Winger, age 34, has served as General Counsel and Vice President of Acquisitions of the Company since July 2014 and as Secretary of the Company since May 2015. Mr. Winger previously served as the Interim Chief Financial Officer of the Company from December 2014 until the appointment of Mr. Levinson in January 2015. Prior to joining the Company, from July 2010 to May 2014, Mr. Winger worked an associate in the mergers and acquisitions department of Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. where his practice was focused predominantly on representing clients in the urgent care industry.

American Caresource Holdings, Inc. Appoints Norman Winland as President and Chief Operating Officer

American CareSource Holdings, Inc. announced the employment of its new President and Chief Operating Officer, Norman Winland. Mr. Winland has over 23 years of experience growing and managing successful urgent care companies. He spent over 15 years with Dallas-based CareNow, where he served as Senior Vice President responsible for the comprehensive management of the company's 18 urgent care centers. His duties included, among other things, management of center operations, oversight of site- and company-level marketing, site selection and development of de novo centers, IT management, new product and service line implementation, and general financial and revenue cycle oversight. Mr. Winland was instrumental in CareNow's growth from 4 to 18 locations. He later served as Director of Urgent Care Operations for Tenet Healthcare Corporation, where he assisted in Tenet's entry into the urgent care market. Mr. Winland served as Chief Operating Officer for PrimaCare Medical Centers. As COO, Mr. Winland managed all operational aspects of the urgent care business and ultimately played an integral role in PrimaCare's sale to NextCare Holdings, Inc. Most recently, Mr. Winland has served as an executive consultant to American CareSource since May 4, 2015.

American CareSource Holdings, Inc. Receives A Deficiency Letter From The NASDAQ

On May 21, 2015, American CareSource Holdings, Inc. received a deficiency letter from The NASDAQ Stock Market LLC (“NASDAQ”) indicating that as of March 31, 2015 the company’s reported stockholders’ equity of $407,000 did not meet the $2,500,000 minimum required to maintain continued listing, as set forth in NASDAQ Listing Rule 5550(b)(1), and that as of May 20, 2015 the company does not meet the alternatives of market value of listed securities or net income from continuing operations. The notification has no immediate effect on the listing of the company’s common stock on the Nasdaq Capital Market. Under NASDAQ rules, the company has 45 calendar days, or until, July 6, 2015, to submit a plan to NASDAQ to regain compliance. If the company’s plan is accepted, NASDAQ can grant an extension of up to 180 calendar days, or until November 17, 2015, to evidence compliance. If the company fails to regain compliance, the company’s stock will be subject to delisting by NASDAQ. The company intends to raise additional capital in order to regain compliance with the continued listing requirements and has filed a registration statement on Form S-1 with the Securities and Exchange Commission to register equity securities for sale in an offering. There is no assurance, however, that the company will raise sufficient capital to regain compliance with NASDAQ Listing Rule 5550(b)(1).

 

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