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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Comprehensive Care Corp (CE) | USOTC:CHCR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
TAMPA, Florida, March 6, 2012 /PRNewswire/ -- Comprehensive Care Corporation ("CompCare" or the "Company")(OTC BB: CHCR), which provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the U.S., announced today the addition of 42,000 covered lives as part of its ongoing contract with L.A. Care, the nation's largest public health plan.
Today's announcement expands on the original contract CompCare secured with L.A. Care in early 2011 to manage behavioral health benefits for the plan's Healthy Families, Healthy Kids, and Medicare Advantage membership in the Los Angeles county area. With L.A. Care's recent addition of members under the In-home Support Services (IHSS) Workers Health Care Program, the number of lives CompCare manages for the plan will more than double.
The IHSS Program enables individuals who are disabled, including children, to receive in-home care and seniors to remain safely in their own homes. CompCare will leverage its specialized programs, medical and behavioral health coordination, and intensive case management strategies to ensure members receive a comprehensive array of behavioral health services.
Clark A. Marcus, CompCare's Chairman and CEO, commented, "We applaud L.A. Care's success over the past year and are excited to continue as a partner in providing innovative approaches to improve and integrate care management. We remain dedicated to supporting and ensuring high-quality care for L.A. Care's Healthy Families, Healthy Kids, Medicare Advantage, and IHSS members."
About CompCare:
Established in 1969, CompCare provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the United States. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands. For more information, please call 813-288-4808 or visit our website at www.compcare.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond CompCare's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, the ability of CompCare and its staff to execute its business plan, the ability of CompCare to offer and sell any of its products at a profit, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability, if any, of our capitated contracts or other products, increases or variations in cost of care, seasonality, CompCare's ability to obtain additional financing, increased outsourcing of behavioral health services, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Any forward- looking statement in this release speaks only as of the date on which it is made. CompCare assumes no obligation to update or revise any forward-looking statements.
Investor Contacts:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
949.707.5365
SOURCE Comprehensive Care Corporation
Copyright 2012 PR Newswire
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