Last $2.21 USD
Change Today 0.00 / 0.00%
Volume 0.0
ANCI On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

american caresource holdings (ANCI) Snapshot

Open
$2.23
Previous Close
$2.21
Day High
$2.24
Day Low
$2.20
52 Week High
07/2/14 - $3.99
52 Week Low
12/26/13 - $1.39
Market Cap
14.9M
Average Volume 10 Days
13.9K
EPS TTM
$-0.66
Shares Outstanding
6.8M
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. provides access to a network of ancillary healthcare service providers in the United States. Its ancillary healthcare services include an array of services that supplement or support the care provided by hospitals and physicians, including the non-hospital and non-physician services associated with surgery centers, diagnostic imaging centers, home health and infusion, supply of durable medical equipment, orthotics and prosthetics, laboratory, and other services. The company also provides claims management, reporting, processing, and payment services to payors; performs network/needs analysis to assess the benefits to payors of adding additional/different service providers to the payor-specific provider networks; and credentializes network service providers for inclusion in the payor-specific provider networks. American CareSource Holdings, Inc. sells its services to various healthcare companies, including third party administrators, insurance companies, large self-funded organizations, various employer groups, and preferred provider organizations. As of February 28, 2014, it provided a network of approximately 5,000 ancillary service providers at approximately 33,500 sites. The company was founded in 1995 and is based in Dallas, Texas.

51 Employees
Last Reported Date: 02/28/14
Founded in 1995

american caresource holdings (ANCI) Top Compensated Officers

Chief Financial Officer, Acting Chief Operati...
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2013.

american caresource holdings (ANCI) Key Developments

American CareSource Holdings, Inc. Announces Management Changes

On December 22, 2014, Matthew D. Thompson resigned from his positions as Chief Financial Officer, Secretary, and Treasurer of American CareSource Holdings, Inc. and Laura Little resigned from her positions as Principal Accounting Officer and Vice President of Finance of the company. Neither Mr. Thompson nor Mrs. Little desired to relocate to the company's new offices in Atlanta, Georgia. They each have decided to pursue other opportunities, and each of their resignations is effective December 31, 2014. Mr. Thompson entered into a consulting services agreement with the company, dated December 23, 2014, pursuant to which Mr. Thompson will provide certain services to the company under a statement of work.

American CareSource Holdings Secures $6 Million Line of Credit

American CareSource Holdings, Inc. announced that it has closed on a $6 million line of credit with a top-tier U.S. bank. The company previously announced a $5 million line of credit with the same bank in July of this year. The company intends to use a substantial portion of the new line to continue its acquisition of urgent and primary care centers. The line of credit has a fluctuating rate of LIBOR plus 1.75% per annum, which is currently 1.91% and matures on June 1, 2016. The line is collateralized by substantially all the assets of the company and its subsidiaries. Similar to the July line of credit, further credit enhancement was provided from personal guaranties given by a group of affiliated and unaffiliated individuals, making it possible for the company to negotiate more favorable terms than otherwise would have been available. The company granted warrants to the guarantors as part of the arrangement.

American Caresource Seeks Acquisitions

American Caresource Holdings, Inc. (NasdaqCM:ANCI) is looking for acquisition opportunities. American Caresource closed on a $6 million line of credit and intends to use a substantial portion of the new line to continue its acquisition of urgent and primary care centers.

 

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ANCI Competitors

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Industry Analysis

ANCI

Industry Average

Valuation ANCI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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