Washington,
DC (May 9, 2007) -- FOCUS Enterprises, Inc.,
a national middle market investment banking firm providing
merger, acquisition, and corporate finance services announced
that it has facilitated the purchase of Benefits Marketing
Solutions (BMS), one of the largest benefits discount card
companies in the industry, by Alliance HealthCard, Inc. (OTCBB:
ALHC.ob).
Alliance, a licensed discount medical provider organization (DMPO) that provides
individuals with discounted pharmacy, medical, dental, hospital, vision, and
various other healthcare benefits has a network of over 500,000 provider locations
throughout the United States.
After the acquisition the company will
have in excess of 2,000,000 members and revenues of approximately
$18,000,000. Robert
Garces, chairman of Alliance, was quoted as saying, “With
the increased size of Alliance it will be able to broaden
its product offerings, enhance its already superior quality
medical services and provide even greater value to its members
and medical providers.”
BMS presently provides services similar
to Alliance to over 400,000 members. Danny Wright, CEO of BMS who
became CEO of Alliance upon consummation of the transaction,
said “once the acquisition is completed there will
be numerous areas to capitalize on operational and network
synergies that will provide greater value for our customers
and shareholders. I look forward to the challenge and
opportunity of making Alliance the premier medical benefit
discount card company in the nation”.
About Alliance Healthcard, Inc.
Alliance HealthCard, Inc. creates, markets,
and distributes healthcare savings programs on an individual
basis through retail pharmacies, insurance companies, large
employers and associations. Alliance offers programs
that are custom designed for its customers that offer services
that are not typically offered or covered by traditional
healthcare plans and also provides discounts for those
without medical coverage.
About FOCUS Enterprises, Inc.
FOCUS Enterprises, Inc., founded in 1982
in Washington, DC, provides a range of investment banking
services tailored to the needs of middle market businesses.
Today the firm serves clients from offices in major cities
across the United States and worldwide. FOCUS specializes
in transactions for entities with up to $300 million in
revenues, serving entrepreneurs, corporate owners, and
investors across a broad range of industries. FOCUS
has 24 investment banking professionals in its four offices
in Atlanta, Chicago, San Francisco, and Washington, DC advising
clients globally. For more information on FOCUS Enterprises,
visit their web site at www.focusbankers.com.
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