Millennium HealthCare sets closing date for Premier Healthcare Resources Acquisition

GARDEN CITY, N.Y., Sept. 6, 2012

Premier Healthcare Resources manages one of the largest Cardiology Practice Groups in the New York area. With approximately 50 locations, the strategy of Premier is to manage cardiology services targeted within primary care physician practices, thereby providing continuity of care for the patient under one roof. Premier Healthcare Resources has been in operation since 2009, and its managed offices currently see approximately four to five thousand cardiology patients each month.  The services provided by the Cardiology practices under management include all clinically non-invasive procedures.

Richard DeMaio, President of Premier Healthcare Resources commented, "The value added in this acquisition is based on the synergies both companies offer through their combined services.  My executive team has worked closely with Millennium management over the past twelve months to evaluate and identify the many growth opportunities available, and have concluded that we are a perfect complement to each other."

Millennium President Chris Amandola added, "Both companies have gone through an extensive due diligence process over the past few months to identify true synergies.  What we have concluded is that this acquisition will exponentially increase total revenues to Millennium.  With the combination of both companies, Millennium expects to achieve revenues of approximately $12 million to $15 million for 2012 with significant profitability.  As a unified entity, there is a potential synergistic revenue increase of up to $100 million that can be recognized over the next several years.  This would be in addition to the rapid, organic growth that both companies have been able to achieve. Peripheral vascular disease is among the fastest growing, life threatening diseases.  This is the basis of the significant synergies that both management companies foresee."

About Premier Healthcare Resources LLC

Premier Healthcare Resources provides a full suite of management and consulting services to assist health care delivery systems and physician groups in developing and implementing solutions that create high performing healthcare organizations.  Their experienced healthcare team helps organizations with strategic advisory, operational improvement and outsourcing, and technology solutions. Specific services include revenue cycle management, supply chain improvement, facilities planning, physician-hospital alignment, care innovation and clinical documentation improvement.

Premier Healthcare Resources offers a unique practice management business model that enables existing medical practices the ability to offer advanced Cardiology services in-house.  The Company also provides hospitals, AMSURG and large medical groups with alternatives to manage and expand their current Cardio patient flow and business.