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Medac to Expand with New Facility in Lincoln County

Company will Invest $2 Million and Create 300 New Jobs | 11/03/2006

stateSealLINCOLNTON, November 3, 2006 – Governor Sonny Perdue announced today that Medac, an anesthesia billing provider, will invest $2 million and create 300 jobs over three years at a new 20,000 square foot facility in Lincoln County.

“In a short time this company has revolutionized this industry and flourished into the premier anesthesia billing service in the nation,” said Governor Sonny Perdue. “Medac has used Georgia as its base to expand into more than 20 states. This is a great example of a company that is tapping into our state’s thriving business climate and creating new jobs for Georgians.”

Medac, based in Augusta, has more than 400 employees spread across more than 20 states. Medac President John Memar, State Senator Jim Whitehead and local officials from Lincoln County joined Governor Perdue at today’s announcement.

“For some companies, it makes sense to outsource some of their operations overseas in order to cut costs, but Medac has decided that it makes more sense to keep people’s jobs here and cut costs in other ways,” said President John Memar. “From the onset, our experience with the Georgia Department of Economic Development has been great. They were very helpful in locating our future building site in Lincoln County and have been tremendously supportive in the purpose of this endeavor. We appreciate the assistance and support we have received from all who have been a part of this expansion and look forward to a mutually prosperous partnership.”

In 1992 brothers Kam and John Memar founded Medac to fill a void in the medical industry – billing and management services for anesthesiologists. As sons of a physician with experience in the industry, the Memars understood the complexities of running a physicians’ practice and the additional challenges facing hospital-based physicians.

The brothers built the company from the ground up in Augusta, a location chosen for its thriving medical community and access to a trained, stable workforce. Medac started as a billing service but has emerged as a leader in technology, regulatory compliance, managed care contracting and practice management for anesthesia practices.

“It is always a pleasure to welcome a quality company like Medac to Lincoln County,” said Lincoln County Development Authority Chairman George Leverett, III. “We join the company in looking forward to a long-standing relationship in the future.”

For additional information about the company, please visit www.medac.com
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