TAMPA, Fla., July 30, 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., is pleased to announce that it has been retained by
CHRISTUS Health Plan (www.christushealthplan.org) to provide
managed behavioral health services to the Medicaid (STAR) and
Children's Health Insurance Program (CHIP) populations served in
the Nueces Service area, which is comprised of fourteen counties in
the Coastal Bend region of Texas.
This agreement is particularly important to CompCare as it is
consistent with the Company's long-standing business strategy of
being a prime provider of behavioral health services to Medicare,
Medicaid and CHIP programs throughout the
United States.
"New management has increased the number of states served by
CompCare from eight states and Puerto
Rico to 22 states, the District of
Columbia and Puerto Rico,"
said Clark Marcus, CompCare Chairman
and CEO. "This contract is an example of how we are
continually growing CompCare for the ultimate benefit of our
shareholders."
About CHRISTUS Spohn Health System
CHRISTUS Spohn Health System is the region's largest charity
care provider and not-for-profit health care system consisting of
six hospital campuses – CHRISTUS Spohn Hospital Corpus Christi
(Shoreline, Memorial and South), CHRISTUS Spohn Hospital Alice,
CHRISTUS Spohn Hospital Beeville and CHRISTUS Spohn Hospital
Kleberg (Kingsville).
The health system is consistently ranked as a leading health
system in the area and has received national recognition for
several pioneering programs, including cardiac care, clinical
excellence and oncology. For more than 100 years, CHRISTUS Spohn
has been distinguished by its high caliber staff and affiliated
physicians, its comprehensive and innovative services, and its long
history of responding to the needs of the community it serves. For
additional information, visit our website at
www.christusspohn.org.
CHRISTUS Health Plan is a subsidiary of CHRISTUS Health
delivering a broad range of health care services throughout
Texas. CHRISTUS Health Plan
combines the resources of physicians, multi-specialty groups,
ambulatory care centers, ancillary providers and hospitals to offer
members access to a comprehensive array of high quality health
care.
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
940.262.3584
SOURCE Comprehensive Care Corporation