PRESS RELEASE - APRIL 18, 2013
Capital Group Holdings Inc. Expands Board of Directors, Appoints Seasoned Healthcare Executive as Vice Chairman as It Prepares for Expansion
SCOTTSDALE, AZ--(Marketwired - Apr 18, 2013) - Capital Group Holdings, Inc. (OTCBB: CGHC) (OTCQB: CGHC) announced today that Mr. Noel J. Guillama has accepted the position of Vice-Chairman of the Board of Directors of the Company.
Mr. Guillama is a nationally recognized expert and lecturer in healthcare management, facilities operation, and in the use of technology in healthcare. Mr. Guillama has had an extensive career in healthcare and is currently Chairman of Quantum Innovations, Inc. (QI) based in Boca Raton, Florida. QI is a health information and electronic medical record (EMR) company with an innovative and patent pending platform called PWeR® (Personal Wellness electronic Record). Previously, Mr. Guillama was Founder, Chairman, President and Chief Executive Officer of Metropolitan Health Networks, Inc. (MHN) of Boca Raton, Florida (Formerly traded NYSE). In 2012, MHN was acquired by Humana, Inc. in a transaction valued at approximately $850 million. Prior to MHN, Mr. Guillama was Vice President of Development for MedPartners, Inc. (Formerly traded NYSE), a Birmingham, Alabama-based physician practice management company. For the past 10 years, Mr. Guillama has served as a Director and Immediate Past Chairman of Florida International University Foundation, Inc., managing over $200 million in endowments for the advancement of Florida International University. In addition, Mr. Guillama serves as Vice-Chairman of the Palm Beach State College Foundation, Inc., currently managing a $25 million endowment.
Erik J. Cooper, Chairman and CEO of Capital Group Holdings, commented, "We are delighted that Mr. Guillama has joined the Company in a key role as Vice-Chairman. Mr. Guillama has extensive experience in multiple segments of healthcare including payers and insurance, managed care operations, provider network development, and the creation and management of clinics, ancillary & diagnostic facilities. His experience serving on the Board of a hospital and a medical education company will be extremely valuable to the Company as it expands its urgent care footprint and articulates the value proposition of urgent care to payers, providers, purchasers, and patients.
Mr. Guillama commented, "I am pleased to join Erik and the Company as they embark on their urgent care growth strategy. I have a great passion in demonstrating how systems and technologies in healthcare can improve both quality of care and efficiency of care. With my experience in acquisitions, financing, and healthcare operations, I am confident that I will be able to provide advice and guidance to the Company as they proceed on their strategic pathway to establish their pivotal role in value-based, accountable healthcare." Mr. Guillama further commented, "The majority of the 9,000 plus urgent care facilities in the US today are small businesses consisting of 1 to 3 clinics. The urgent care sector of the health care industry has seen high growth in the marginal economy of the last five years, and we see this trend continuing and accelerating going forward. We believe the sector is ripe for consolidation because of the urgent care concept firmly taking root, with both patients and practitioners, and experiencing what we consider the sweet spot of the growth curve. We feel this business model will help Capital Group grow exponentially as a company."
About OneHealth Urgent Care, Inc.:
OneHealth Urgent Care, Inc., through its acquisition of Alliance Urgent Care, LLC, is a rapidly growing, progressive urgent care organization in Arizona. Using state of the art technology, a virtually paperless environment and electronic health records (CCHIT certified) coupled with caring Doctors, board certified providers and staff, Alliance is able to consistently beat the national average for patient wait times. Alliance maintained a 99% patient satisfaction rating throughout 2012. For patient convenience we provide on-site lab testing and x-ray imaging. Alliance accepts credit cards (Visa, MasterCard and Discover) as well as all major insurance providers including Aetna, Blue Cross/Blue Shield, Cigna, Medicare and Medicaid, United Healthcare, Banner Health Plan, Arizona Foundation, HealthNet, and others. Alliance has grown from 1 clinic in 2007 to 7 in 2013, and plans to open additional clinics in the next 12 months. OneHealth Urgent Care plans to bring its unique brand of speedy, caring, patient-friendly clinics to other states in the near future. www.onehealthurgentcare.com
About Capital Group Holdings:
Capital Group Holdings, Inc. is an acquirer and operator of fundamentally-sound companies that are market accepted, scalable and demonstrate a quantifiable value proposition. Our focus is Health and Wellness organizations that have a strong market presence, brand awareness and talented and dedicated management teams with the potential to achieve exceptional performance over time. Capital Group Holdings lends its operational support, management approach and financial resources to these companies to achieve improvements in both bottom-line growth and positioning in the marketplace. Capital Group Holdings currently operates two wholly owned subsidiaries; OneHealthPass, Inc. and OneHealth Urgent Care, Inc. www.capitalgroupholdings.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Capital Group Holdings, Inc.'s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to Capital Group Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
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