THE CENTER FOR WOUND HEALING, INC. ANNOUNCES FISCAL YEAR 2009 FINANCIAL RESULTS pdf
The Center for Wound Healing to Restate Certain 2008 and 2009 Financial Results pdf
The Center for Wound Healing, Inc. Announces Financial Results for Third Quarter and Nine Months of Fiscal Year 2009 pdf
The Center for Wound Healing, Inc. to Attend Symposium on Advanced Wound Care in Dallas April 26 - 29
TARRYTOWN, N.Y.--(BUSINESS WIRE)-- The Center For Wound Healing, Inc. (OTCBB:CFWH) ("CFWH"), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other advanced wound care treatment modalities, today announced it is attending the Symposium on Advanced Wound Care (SAWC) Spring event, April 26-29 in Dallas, Texas. The event is being held at the Gaylord Texan Hotel and Convention Center.
The Center for Wound Healing will be represented by senior management, including Chief Executive Officer Andrew Barnett and Chairman and Medical Director John V. Capotorto, M.D. CFWH's exhibit will present the Company's comprehensive range of wound care services and the advantages of its turnkey, low-cost business model. Physicians and other medical professionals will also be able to arrange for a presentation at their respective hospital while at the CFWH exhibit.
"As an emerging leader in the wound care community, we are pleased to have a significant presence at the SAWC Spring conference," said Mr. Barnett. "This event is an outstanding opportunity to discuss and demonstrate the advantages of our treatment procedures to more than 2,500 wound care clinicians and industry professionals."
The SAWC Spring event is an official meeting of the Association for the Advancement of Wound Care, and is presented by the Symposium on Advanced Wound Care and the Wound Healing Society.
About The Center for Wound Healing
The Center for Wound Healing, Inc. is a leading manager of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy ("HBOt") as well as traditional wound care treatment modalities. The Company manages 35 wound care centers in the eastern United States in partnership with local acute care hospitals. CFWH was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company's centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system.
The Center for Wound Healing, Inc. Announces Opening of a New Center at the University Medical Center at Princeton Center to Provide Hyperbaric Oxygen Therapy and Other Advanced Wound Healing Treatments
Last update: 7:00 a.m. EDT April 27, 2009
TARRYTOWN, N.Y., Apr 27, 2009 (BUSINESS WIRE) -- The Center for Wound Healing, Inc. (CFWH), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other advanced wound care treatment modalities, today announced the opening of its 35th facility, The Center for Wound Healing at University Medical Center (UMCP) at Princeton in Princeton, NJ. The 1,724 square foot Center, which was designed, built and financed by CFWH, contains two wound treatment rooms and two hyperbaric oxygen chambers, which will be utilized by CFWH staff and Princeton HealthCare System physicians to heal chronic wounds, such as those caused by diabetes, the effects of radiation, complications from surgery, lymphedema, vascular disease and trauma.
"We are delighted to open our 35th facility with the University Medical Center at Princeton, a healthcare provider that has remained committed to providing its patients with the highest quality care available," said The Center for Wound Healing's CEO, Andrew G. Barnett. "This collaboration with UMCP furthers our strategy to provide superior, advanced wound healing facilities and management to high quality hospitals, so that they can concentrate on better serving their communities' needs.
"By establishing the University Medical Center at Princeton Center for Wound Healing we are able to provide advanced, wound care to the people of central New Jersey," said Mark T. Jones, President of UMCP. Punctuating the importance of bringing hyperbaric oxygen treatment (HBOT) to Princeton, Jones continues, "Since hyperbaric oxygen therapy involves several treatments during the course of a typical regimen, we know that patients want convenient access to care. We are very pleased to provide patients with high quality care so close to home." Barnett continued, "We believe that facilities seeking to maintain the best quality patient care while limiting capital expenditures will look to partner with The Center for Wound Healing in developing hospital-based centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments."
About Princeton HealthCare System
Princeton HealthCare System is a leading provider of world-class healthcare services. A respected nonprofit, community teaching system, it offers compassionate care supported by the most advanced technologies and an outstanding medical staff with the highest percentage of board certified physicians in New Jersey. Through its affiliations with academic institutions, it is setting new standards in diagnostic and treatment protocols and achieving the very best clinical outcomes for its patients. Princeton HealthCare System is Redefining Care through a commitment to delivering an exceptional level of clinical care and individualized caring for each and every patient.
Center for Wound Healing Chairman John Capotorto M.D. Elected Secretary of American Association for Wound Care Management
TARRYTOWN, N.Y., Apr 28, 2009 (BUSINESS WIRE) -- The Center for Wound Healing, Inc. (CFWH), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other advanced wound care treatment modalities, announces that John V. Capotorto, MD, the Company's chairman and medical director, has been elected Secretary of the American Association for Wound Care Management (AAWCM) during the annual Symposium on Advanced Wound Care in Dallas.
"We are delighted that John will be serving the primary advocacy group in the wound healing arena and we look forward to our continued collaboration with the organization," said The Center for Wound Healing's CEO, Andrew G. Barnett. "His experience and accomplishments in the field of wound healing and diabetes treatment will be of tremendous benefit to advancing the mission of the AAWCM."
Prior to joining CFWH, Dr. Capotorto served as vice president of American Hyperbaric, Inc., and as chief medical director of its predecessor company, New York Hyperbaric. Previously, Dr. Capotorto was an attending physician in Adult and Pediatric Endocrinology and was a clinical assistant professor at SUNY Health Science Center - Brooklyn. He holds board certification in Internal Medicine, Pediatrics, Adult and Pediatric Endocrinology and Metabolism, and is accredited in Hyperbaric Medicine.
Dr. Capotorto also served as Medical Director of the Diabetes Treatment Center at Staten Island University Hospital, and has extensive experience in both wound care and hyperbaric medicine. He graduated from Vassar College in 1981 and studied Medicine at the University of Bologna. He returned to New York where he completed a combined medical and pediatric internship and residency. Dr. Capotorto was a Research Fellow in Islet Cell Transplantation at the Joslin Diabetes Center and a clinical fellow in Adult and Pediatric Endocrinology at both the Joslin Diabetes Center and Children's Hospital, part of the Harvard Medical School system.
In addition to his medical training, Dr. Capotorto has completed an Executive MBA program at the Baruch College. He is a member of the Beta Gamma Sigma Honor Society and has used his combined medical and business knowledge towards developing and opening comprehensive Hyperbaric and Wound Care Centers.
The Center for Wound Healing, Inc. is a leading manager of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy (HBO) as well as traditional wound care treatment modalities. The Company manages 35 wound care centers in the eastern United States in partnership with local acute care hospitals. CFWH was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company's centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system.
About The American Association for Wound Care Management
Since 1998, The American Association for Wound Care Management (AAWCM) has actively represented practitioners and organizatoins involved in the wound care field (providers, management companies, manufacturers, product supply companies, etc.) to assure the continued recognition of the growing importance of wound care in medicine today. Through active lobbying on Capitol Hill, regular contact with CMS, and interaction with private insurers, AAWCM has had a significant impact on the acceptance of clinical indications for service, coverage determinations, and payment policy.
THE CENTER FOR WOUND HEALING, INC. ANNOUNCES OPENING OF A NEW CENTER AT THE UNIVERSITY MEDICAL CENTER AT PRINCETON
Center to Provide Hyperbaric Oxygen Therapy and other Advanced Wound Healing Treatments
Tarrytown, NY - April 27, 2009 - The Center for Wound Healing, Inc. (CFWH.OB) (CFWH), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other advanced wound care treatment modalities, today announced the opening of its 35th facility, The Center for Wound Healing at University Medical Center (UMCP) at Princeton in Princeton, NJ. The 1,724 square foot Center, which was designed, built and financed by CFWH, contains two wound treatment rooms and two hyperbaric oxygen chambers, which will be utilized by CFWH staff and Princeton HealthCare System physicians to heal chronic wounds, such as those caused by diabetes, the effects of radiation, complications from surgery, lymphedema, vascular disease and trauma.
"We are delighted to open our 35th facility with the University Medical Center at Princeton, a healthcare provider that has remained committed to providing its patients with the highest quality care available," said The Center for Wound Healing’s CEO, Andrew G. Barnett. "This collaboration with UMCP furthers our strategy to provide superior, advanced wound healing facilities and management to high quality hospitals, so that they can concentrate on better serving their communities’ needs.
"By establishing the University Medical Center at Princeton Center for Wound Healing we are able to provide advanced, wound care to the people of central New Jersey," said Mark T. Jones, President of UMCP. Punctuating the importance of bringing hyperbaric oxygen treatment (HBOT) to Princeton, Jones continues, "Since hyperbaric oxygen therapy involves several treatments during the course of a typical regimen, we know that patients want convenient access to care. We are very pleased to provide patients with high quality care so close to home."
Barnett continued, "We believe that facilities seeking to maintain the best quality patient care while limiting capital expenditures will look to partner with The Center for Wound Healing in developing hospital-based centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments."
About Princeton HealthCare System
Princeton HealthCare System is a leading provider of world-class healthcare services. A respected nonprofit, community teaching system, it offers compassionate care supported by the most advanced technologies and an outstanding medical staff with the highest percentage of board certified physicians in New Jersey. Through its affiliations with academic institutions, it is setting new standards in diagnostic and treatment protocols and achieving the very best clinical outcomes for its patients. Princeton HealthCare System is Redefining Care through a commitment to delivering an exceptional level of clinical care and individualized caring for each and every patient.
The Center for Wound Healing, Inc. Announces $17.5 Million Investment by Bison Capital Equity Partners II, LP
April 7, 2008
TARRYTOWN, N.Y.
The Center For Wound Healing, Inc. (Pink Sheets: CFWH) ("CFWH"), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other wound care treatment modalities, today announced a $17.5 million investment by Bison Capital Equity Partners II, LP ("Bison Capital"). Terms of the investment were not disclosed.
In commenting on its investment, Douglas Trussler, a partner at Bison Capital, said, "We are extremely impressed with The Center for Wound Healing's track record in operating wound care centers of excellence. The Company's legacy of clinical outcomes and the strength of its hospital partner relationships are a testament to its commitment to the highest quality of care, coupled with highly professionalized operational management. Through our investment, The Center for Wound Healing will be able to expand the number of centers it develops and operates, furthering the tremendous benefit it provides to its hospital partners and their patients."
The Center for Wound Healing's CEO, Andrew Barnett, added, "Bison exerted enormous time and effort to understand our business and the markets we serve. Eighty percent of the patients treated in the Company's comprehensive wound care centers are diabetic, a population that today exceeds 20 million patients throughout the country and is growing by one million new patients per year. Bison has provided us with substantial long-term capital that will allow us to continue our expansion and provide superb care to this important demographic. We are delighted to have Bison Capital as a critical member of our team. We would also like to thank our shareholders for their support of the Company during this last year and look forward to continuing our efforts to serve a greater share of domestic wound care market."
About The Center for Wound Healing
The Center for Wound Healing, Inc. manages 36 wound care centers in the eastern United States in partnership with local acute care hospitals. CFWH was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company's centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system.
Forward-Looking Statements
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors. The Center for Wound Healing undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in The Center for Wound Healing's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact The Center for Wound Healing's success are more fully disclosed in The Center for Wound Healing's most recent public filings with the U.S. Securities and Exchange Commission.
