Business Services Industry
Sonus Corp. Acquires Nation's Largest Hearing Benefits Administrator
Business Wire, August 3, 1998
Sonus Corp. operates the largest group of audiology clinics operating in the United States and Canada and is also the nation's largest administrator of hearing health benefits with approximately 1,000 network affiliates. Sonus' 80 hearing clinics provide a full range of products and services to hearing impaired patients, while its administrative arm serves managed care organizations. The Company's vision is to become the premier hearing care provider in North America. Sonus' strategy involves the consolidation of the industry through acquisition of quality hearing care clinics.
This news release contains forward looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sonus Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors with respect to Sonus Corp. include economic trends in Sonus Corp.'s market area, the ability of Sonus Corp. to manage its growth and integrate new acquisitions into its network of hearing care clinics, the development of new or improved medical or surgical treatments for hearing loss or of technological advancements in hearing instruments, changes in the application or interpretation of applicable governmental laws and regulations, the ability of Sonus Corp. to complete additional acquisitions of hearing care clinics on terms favorable to Sonus Corp., the degree of consolidation in the hearing care industry, Sonus Corp.'s success in attracting and retaining qualified audiologists and staff to operate its hearing clinics, product and professional liability claims brought against Sonus Corp.'s insurance coverage, and the availability of and costs associated with potential sources of financing. Sonus Corp. disclaims any obligation to update any such factors or to publicly announce the results of any revision to the forward looking statements contained herein to reflect future events or developments.
CONTACT: Sonus Corp.
Edwin J. Kawasaki
Chief Financial Officer
503/225-9152
or
SONUS' INVESTOR RELATIONS COUNSEL:
The Equity Group
Devin Sullivan 212/836-9608
Ethan Denkensohn 212/836-9611
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