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Exhibit 99.1

 

 

 

(FIRST PHYSICIANS CAPITAL GROUP INC. LOGO)

 

9663 Santa Monica Blvd., #959
Beverly Hills, CA 90210
Tel: (310) 860-2501
Fax: (310) 860-1854
info@fpcapitalgroup.com

First Physicians Capital Group Provides Transaction and Strategic Initiatives Update

Tuesday, July 26, 2011

BEVERLY HILLS, Calif. — First Physicians Capital Group, Inc. (“FPCG” or the “Company”) is providing updates on the following transactions and initiatives:

 

 

Sale of its Oklahoma-based Southern Plains Medical Center (SPMC) clinic

 

 

 

Non-binding Letter of Intent with physician partners for the buyout of FPCG’s majority stake in its San Diego-based surgery center.

 

 

 

Initial discussions to divest one remaining small family practice clinic with local physicians

 

 

 

Evaluation of the disposition or repositioning of its remaining real estate assets

 

 

 

Recapitalization and potential sale process update

The Company has essentially completed its conversion / transi


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