First Choice Healthcare Solutions Issues Formal Full Year Revenue Guidance of $19.4 Million for 2015 and $30 Million for 2016

MELBOURNE, FL--(Marketwired - Nov 24, 2015) - First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) ("FCHS," "First Choice" or the "Company"), one of the nation's only non-physician-owned, publicly traded healthcare services companies focused on the delivery of Orthopaedic care and treatment, today issued formal annual revenue guidance of $19.4 million for fiscal 2015, ending December 31, 2015, and $30 million for 2016. 

Company Chairman, President and CEO Christian Romandetti stated, "Early last week, we were very pleased to announce record financial results for our third quarter reporting period, with total revenues topping $6.29 million and $13.12 million for the three and nine months ended September 30, 2015, respectively. Based on the trending historical results of our medical operations at First Choice Medical Group ('FCMG'), The B.A.C.K. Center ('TBC') and our recently acquired interest in Crane Creek Surgery Center ('CCSC') announced on November 2, 2015, we expect to finish 2015 with total revenues exceeding $19.4 million -- up from $8.1 million in 2014. Moreover, we are highly confident that total year revenues for 2016 will meet or exceed $30 million -- and that is before factoring anticipated organic growth from the introduction of new ancillary services to both FCMG and TBC and the notably higher volume of outpatient surgical procedures that we will be directing to CCSC."

"On the conference call I hosted last week to discuss our third quarter results, I went on record stating that the regional network of medical centers of excellence that we are building in Melbourne, Florida has the potential to yield First Choice Healthcare Solutions over $50 million in revenues. Once we begin to replicate our proven business model in new expansion markets throughout the Southeastern U.S. which we have identified, our growth trajectory should be even more pronounced. In addition, we have represented, and will continue to reaffirm, that our balance sheet has never been stronger. We are 100% committed to increasing shareholder value, and we are succeeding, as reflected in our recent 10-Q, which shows that shareholder equity rose to $4.85 million -- a notable improvement over the shareholder deficit of $3.14 million that our balance sheet reflected as of the end of 2014," added Romandetti.