“Emergent Group’s financial performance continues to stand out in the midst of an otherwise challenging economic environment,” said chairman and chief executive officer Bruce J. Haber. “We can attribute our success to favorable industry trends and the execution of our well-developed growth strategies. We continue to see benefits from our 2008 acquisition of the Surgical Services Division of PhotoMedex, Inc., which expanded our geographic reach to 11 new states and has given us the opportunity to bring our winning sales strategies to those territories.
“We see a host of opportunities as we look ahead to the rest of fiscal 2009,” he added. “We’re continuing to expand rentals of per-procedure medical equipment and sales of accompanying consumable items. We’re capitalizing on the growing number of medical procedures and could possibly benefit from upcoming limits on physician ownership of equipment. We’re giving hospitals and physician groups the chance to conserve precious capital and use rentals to maximize the latest cost-effective medical technology. We’re giving equipment manufacturers new revenue streams by partnering with them on rentals as one alternative to their typically long sales cycles. And we remain focused on potential acquisitions as yet another vehicle for growth in 2009 and beyond.”
