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