Comprehensive Care (CHCR)

Thumbnail image for Comprehensive Care Builds Pharmacy Management Program Brick by Brick

Comprehensive Care Builds Pharmacy Management Program Brick by Brick

Comprehensive Care (CHCR – $0.19) is making great strides in becoming a leading pharmacy management services provider thanks to its unique Pharmacy Savings Program, with which it can save at least 10% of a client’s pharmacy expenses. Just this week, the Company announced that it closed a $5 million credit facility with TCA Global Credit [...]

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Thumbnail image for Comprehensive Care Lays Foundation for Exponential Growth in Pharmacy Management

Comprehensive Care Lays Foundation for Exponential Growth in Pharmacy Management

Comprehensive Care (CHCR – $0.08) is now able to support its newly designed at-risk Pharmacy Cost-Savings Program with fully-guaranteed performance bonds. This was essential, as these bonds give CompCare the ability to guarantee its clients the successful delivery of pharmacy benefits management services at a verifiable and mutually agreed upon per member per month (PMPM) [...]

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Thumbnail image for Jairo Estrada Joins CompCare’s Board of Directors

Jairo Estrada Joins CompCare’s Board of Directors

Comprehensive Care (CHCR – $0.13) appointed Jairo Estrada, who had served as a consultant to the Company since August 2012, to its Board of Directors. Mr. Estrada is a very well respected and connected business man in the United States and internationally. At CompCare, he will focus on expanding the innovative pharmacy cost-containment program. Background [...]

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Thumbnail image for Comprehensive Care Continues Outstanding Performance with Profitable Third Quarter

Comprehensive Care Continues Outstanding Performance with Profitable Third Quarter

For the third consecutive quarter, Comprehensive Care (CHCR – $0.12) has delivered a solid net profit. Thanks to a cost containment program, a focus on profitable contracts and a amended contract with a major Puerto Rican client, the Company earned more than $1 million in the third quarter, ended September 30, 2012, versus a loss [...]

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Thumbnail image for Comprehensive Care Takes Major Step to Lower Clients’ Drug Spend by 10%

Comprehensive Care Takes Major Step to Lower Clients’ Drug Spend by 10%

Comprehensive Care (CHCR – $0.19) has signed a very important agreement with WellDyneRx, a prominent Pharmacy Benefit Management (PBM) which will assist in the implementation of CompCare’s newly designed Pharmacy Savings Center Program. CompCare currently manages, on an “at-risk” basis, the prescription drug benefit of a number of its clients’ health plans. Under its existing [...]

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Thumbnail image for Compcare Appoints Jairo Estrada and Ramon Martinez to Expand its Pharmacy Management Business

Compcare Appoints Jairo Estrada and Ramon Martinez to Expand its Pharmacy Management Business

Comprehensive Care (CHCR – $0.20) appointed Jairo Estrada and Ramon Martinez, two very respected business people in the United States, as Senior Management Advisors to grow its pharmacy management business. Both Mr. Estrada and Mr. Martinez are very well connected with numerous businesses in many different sectors and are therefore ideally placed to introduce the [...]

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Thumbnail image for Comprehensive Care Turns Substantial Losses Into Nice Profits

Comprehensive Care Turns Substantial Losses Into Nice Profits

For the first time in many years Comprehensive Care (CHCR – $0.19), a behavioral health, substance abuse and psychotropic pharmacy management services provider, is profitable for two consecutive quarters. In the second quarter, ended June 30, 2012, the Company earned $1.6 million while losing almost $4 million in the comparable quarter last year. Revenues for [...]

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Thumbnail image for After Increasing Revenues Fivefold, Comprehensive Care Completes Turnaround With Profitability

After Increasing Revenues Fivefold, Comprehensive Care Completes Turnaround With Profitability

We like Comprehensive Care (CHCR – $0.19) because it’s in the midst of a significant turnaround which started in 2009 when the current management team took a controlling position in the Company. The new management team has invested approximately $20 million in CompCare and completed a Company-wide restructuring. This resulted in a fivefold increase in [...]

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Thumbnail image for Comprehensive Care Expected to be Profitable in Second Quarter

Comprehensive Care Expected to be Profitable in Second Quarter

Comprehensive Care (CHCR – $0.19) is on a roll. Although the second quarter just recently ended, the Company already felt confident enough to give revenue and earnings guidance for it. Revenues for the second quarter, for the period ending June 30, 2012, are expected to come in around $18 million, slightly lower than the $18.6 [...]

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Thumbnail image for Comprehensive Care Further Reduces Costs to Remain Profitable

Comprehensive Care Further Reduces Costs to Remain Profitable

In order to become profitable in fiscal year 2012, Comprehensive Care (CHCR – $0.17) continues to reduce costs. Although it wasn’t specifically mentioned in the press release, this may involve a reduction in personnel. It would be a logical step as CompCare’s management has continuously invested in the Company’s IT infrastructure since 2009. As such, [...]

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