American CareSource Holdings, Inc. (GNOW: OTC Pink Current) | American CareSource Announces Closing of Sale of Ancillary Care Network Business and Status of Other Operations


ATLANTA, Jan. 06, 2017 (GLOBE NEWSWIRE) — American CareSource Holdings, Inc. (OTCQB:GNOW), an urgent and primary care company operating under the names GoNow Doctors and Medac, announced today that it has completed its previously reported sale of its ancillary service network business to HealthSmart Preferred Care II, L.P.

The Company also announced that it is exploring options to sell all or substantially all of its urgent care assets.  Based on discussions to date, the Company believes it is highly unlikely that the net proceeds from the sale of its urgent care business would be sufficient to satisfy the Company’s secured indebtedness.

Forward-Looking Statements
This press release contains “forward-looking statements,” including statements related to our expectations related to the potential sale of the Company’s urgent care assets. Forward-looking statements may be identified by their use of terms such as “anticipate”, “believe”, “anticipate”, “confident”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “target”, “will” and other similar terms. These statements are subject to significant risks and uncertainties, actual results and future events could differ materially from those projected, and we caution stockholders not to place undue reliance on the forward-looking statements contained in this press release. Risks and uncertainties exist related to the Company and its business due to a number of factors, including the statements under “Risk Factors” contained in our periodic reports filed with the SEC. Given these uncertainties, you should not place undue reliance on these forward-looking statements. We intend these forward-looking statements to speak only as of the date of this press release and undertake no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in our expectations, except as required by law.

Adam Winger

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