Company Snapshot: Advanzeon Solutions Inc. (CHCR)

The crisis in U.S. health care expenditures reveals an unsustainable path with expenditures reaching $2.7 trillion in 2011 and expected to reach $4.6 trillion by 2020. And prescription-drug costs are increasingly playing a major role in contributing to this crisis as costs continue escalating at more than twice the rate of inflation and at a rate significantly higher than other […]

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 Master Fund (TCA). Under terms […]

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) cost savings. When CompCare manages […]

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 Mr. Estrada has had an […]

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 of over $2 million in […]

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 program, CompCare receives a fixed […]

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 Company’s pharmacy cost-containment program to […]

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 the quarter reached $18.2 million, […]