COLUMBIA, S.C.,
The Company reported pretax net income of
"UCI has produced another solid quarter, particularly in the face of a
deteriorating economy. Our 59 offices produced revenue growth of seven
percent, though our margins decreased as an expected result of this growth,"
said D.
The Company's
"With the opening of our
UCI Medical Affiliates, Inc. provides non-medical management and
administrative services for freestanding medical centers, which operate as
Doctors Care, Progressive Physical Therapy Services, Luberoff Pediatrics and
Carolina Orthopedic and Sports Medicine providing family care, urgent care,
and occupational healthcare in 58 offices in South Carolina and one in
Certain of the statements contained in this Report on Form 10-Q that are
not historical facts are forward-looking statements subject to the safe harbor
created by the Private Securities Litigation Reform Act of 1995. We caution
readers of this Form 10-Q that such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. Although our
management believes that their expectations of future performance are based on
reasonable assumptions within the bounds of their knowledge of their business
and operations, we have no assurance that actual results will not differ
materially from their expectations. Factors that could cause actual results
to differ from expectations include, among other things, (1) the difficulty in
controlling our costs of providing healthcare and administering our network of
centers; (2) the possible negative effects from changes in reimbursement and
capitation payment levels and payment practices by insurance companies,
healthcare plans, government payors and other payment sources; (3) the
difficulty of attracting primary care physicians; (4) the increasing
competition for patients among healthcare providers; (5) possible government
regulations negatively impacting our existing organizational structure; (6)
the possible negative effects of prospective healthcare reform; (7) the
challenges and uncertainties in the implementation of our expansion and
development strategy; (8) the dependence on key personnel; (9) adverse
conditions in the stock market, the public debt market, and other capital
markets (including changes in interest rate conditions); (10) the strength of
the
Contact: Jerry F. Wells, Jr., CPA, Executive Vice President and Chief Financial Officer UCI Medical Affiliates, Inc. 4416 Forest Drive Columbia, South Carolina 29206 (803) 782-4278 www.DoctorsCare.com
SOURCE UCI Medical Affiliates, Inc.