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.
Mr. Estrada has had an impressive business career. In 1984, Mr. Estrada was named President and Chief Operating officer of Garden Way Inc, a gardening and yard care company, and subsequently became its Chairman and CEO. He was instrumental in growing that company’s revenue from $7 million to $400 million. Since January 2000, Mr. Estrada has held the position of Chairman of NSC Puerto Rico, a manufacturing company servicing the pharmaceutical industry on the island of Puerto Rico.
He also served on the Board of Directors of companies like the Chase Manhattan Bank, Stair Master Inc, Russell Sage Colleges and Global Crossing.
Mr. Clark Marcus, Comprehensive Care’s Chairman and CEO commented: “Mr. Estrada’s decision to join our Board of Directors is reflective of the progress the Company has made in the last two years as well as the Company’s prospect for future growth.”
Mr. Estrada said: “Clark Marcus and his team have designed and are now positioned to introduce to the healthcare marketplace a revolutionary new concept — a fully-supported guarantee of savings to their clients by way of a substantial reduction in their annual pharmaceutical spend.”
Mr. Estrada is of course referring to CompCare’s Pharmacy Management Program in alliance with PBMs, which allows health plan clients access to the lowest possible prices for both branded and generic drugs. The Program effectively reigns-in the rising costs of drugs for health plans and is offered on a capitated full-risk basis, whereby CompCare guarantees its health plan partner substantial savings.
CompCare is convinced it can substantially reduce costs in the pharmacy management space with the service it is setting up. It will become the Company’s cornerstone for future growth.
Comprehensive Care is not only connecting all the dots to implement its pharmacy cost-containment program, it’s also making sure that the right people are on board to launch and grow it’s unique service. We continue to like the Company and its potential.
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