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Home > Company Index > Health Products & Services > Medical Practice Management & Services > ProMedCo Management Company

ProMedCo Management Company
OTC: PMCO
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 PROFILE
ProMedCo has found that it has no "dinero". The medical practice management company has filed for Chapter 11 bankruptcy. ProMedCo buys and consolidates physician groups, focusing on practices in areas that have populations between 30,000 and 500,000. The company usually buys the physician groups' non-real-estate assets with cash, common stock, and other securities. Nearly two-thirds of ProMedCo's doctors are primary care physicians, including family practitioners, general internists, pediatricians, and obstetrician/gynecologists. Goldman Sachs has about a 40% stake in the company.

 COMPETITION
IntegraMed America, Inc. (INMD)
PhyCor, Inc. (PHYC)
Sheridan Healthcare, Inc. (dossier)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 324.50
1-Yr. Sales Growth: 45.8%
Employees: 4,200
Revenue per employee: $77,261.90

 KEY PEOPLE
• Charles W. McQueary
    CEO
• Robert D. Smith
    CFO

 CONTACT INFO
801 Cherry St., Ste. 1450
Fort Worth, TX 76102
US
Phone: 817-335-5035
Fax: 817-335-8321
Online: Web Site

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