Mortgage Loan Amortization Schedule
The "Safe Harbor"
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Joseph T. Clark, President and CEO, mortgage loan amortization schedule added "The Company's commitment to developing and managing locally-based, comprehensive cancer services continues as we see both the quality of care and financial gains associated with our maturing markets. We are continuing to pursue our mission of providing a broad array of services to community based oncologists through our clinical programs and management services including PPM relationships when appropriate. With the powerful utilization and third party approval trends in our national network of advanced cancer treatment centers and our unparalleled, private clinical outcomes data base, we are stepping up our development efforts in this business. We are confident in our ability to grow by a combination of our market-penetration strategy and our development efforts." Dr. West added, "Given that the amortization periods of the intangible assets acquired in certain of our PPM affiliations have no effect on our cash flow, and in response to recent action taken and viewpoints expressed by regulators and the financial community regarding amortization of acquired intangible assets in physician practice affiliations, we are lowering our amortization period to 25 years from 40 years. The Company estimates the change, based upon current agreements, will decrease its diluted earnings per share by approximately $ 0.02 per quarter, beginning in the third quarter 1998. This modification in no way reflects a change in management's estimate of the value of the Company and its management services neither agreements nor the duration of its relationships with its physician practices." "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward looking statement that involve a number of risks and uncertainties. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors including general economic conditions, competitive factors, and other risks inherent in the radiation oncology and physician practice management businesses. For further information on factors which could impact the Company and the statements contained herein, reference is made to the filings of Response Oncology, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K, and annual reports on Form 10-K. Response Oncology is a leading comprehensive cancer management company that establishes and manages local cancer care networks. The Company (1) owns and/or operates a national network of advanced cancer treatment centers, or IMPACT centers, providing stem cell supported high dose chemotherapy under the direction of practicing oncologists; (2) owns the assets of and manages the business aspects of oncology practices and manages certain business aspects of oncology IPA's; and (3) conducts clinical trials for major pharmaceutical companies. The Company has over 400 affiliating oncologist |
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