Crdentia Selected to Be Key Provider to Large Integrated Healthcare System in the Southeastern Region
September 11 2006 - 5:56PM
PR Newswire (US)
DALLAS, Sept. 11 /PRNewswire-FirstCall/ -- Crdentia Corp.
(OTC:CRDT) (BULLETIN BOARD: CRDT) , a leading U.S. provider of
healthcare staffing services, today announced that it has been
selected to be a key provider of outsourced healthcare staffing
services to a leading large integrated healthcare system in the
southeastern region that serves more than 3 million people. Under
terms of the agreement, Crdentia was designated the primary
outsourced healthcare staffing provider for this healthcare
systems' major regional medical centers and community hospitals. In
addition, Crdentia was also designated as the secondary outsourced
healthcare staffing provider for this healthcare systems' other
regional facilities, which include additional major hospitals:
including tertiary care and community hospitals and a hospital
specializing in elective surgical procedures. Crdentia will also be
providing staffing services to other facilities in this system in
the southeastern region including outpatient surgical and
rehabilitation centers and primary care physician offices. The
contract allows for the healthcare provider to place orders for an
array of temporary healthcare staffing services including nurses
and allied health professionals. Estimated annual volume of
purchases for outsourced staffing services from this integrated
healthcare system will be approximately $6.5 million. Jim Durham,
Crdentia's Chairman and CEO, commented, "As with many major new
contracts, this southeastern integrated healthcare system conducted
a very thorough due diligence process and we are very pleased to
have been selected. Our excellent track record of providing
high-quality temporary staffing services coupled with our strong
local presence in the area were key factors in winning this
business. We look forward to a long and mutually beneficial
relationship with this and many other providers throughout the
entire southeastern region of the U.S." About Crdentia Corp.
Crdentia Corp. is one of the nation's leading providers of
healthcare staffing services. Crdentia seeks to capitalize on an
opportunity that currently exists in the healthcare industry by
targeting the critical nursing and allied shortage issue. There are
many small, private companies that are addressing the rapidly
expanding needs of the healthcare industry. Unfortunately, due to
their relatively small capitalization, they are unable to maximize
their potential, obtain outside capital or expand. By consolidating
well-run small private companies into a larger public entity,
Crdentia intends to facilitate access to capital, the acquisition
of technology, providing greater diversity of client services and
expanded distribution that, in turn, drive internal growth. For
more information, visit http://www.crdentia.com/. Forward Looking
Statements Statements contained in this release that are not
historical facts are forward-looking statements that involve risks
and uncertainties. Among the important factors which could cause
actual results to differ materially from those in the
forward-looking statements include, but are not limited to, those
discussed in "Risk Factors" in the Company's Forms 10-KSB, Forms
10-QSB, and other filings with the Securities and Exchange
Commission. Such risk factors include, but are not limited to, a
limited operating history with no earnings; reliance on the
Company's management team, members of which have other business
interests; the ability to successfully implement the Company's
business plan; the ability to continue as a going concern; the
ability to fund the Company's business and acquisition strategy;
the growth of the temporary healthcare professional staffing
business; difficulty in managing operations of acquired businesses;
uncertainty in government regulation of the healthcare industry;
and the limited public market for the Company's common stock. The
actual results that the Company achieves may differ materially from
any forward-looking statements due to such risks and uncertainties.
We undertake no obligation to revise or update publicly any
forward-looking statements for any reason. For Further Information:
AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: James D. Durham Lasse
Glassen Chairman and CEO 310-854-8313 972-850-0780 DATASOURCE:
Crdentia Corp. CONTACT: James D. Durham, Chairman and CEO of
Crdentia Corp., +1-972-850-0780; or Lasse Glassen of Financial
Relations Board, +1-310-854-8313, , for Crdentia Corp. Web site:
http://www.crdentia.com/
Copyright