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Home > Company Index > Health Products & Services > Long-Term Care Facilities > CareMatrix Corporation

CareMatrix Corporation
OTC: CMDCQ
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 PROFILE
CareMatrix could use some tender loving care of its own; the company has filed for reorganization under Chapter 11 bankruptcy, has been delisted from the Nasdaq, and is making significant management changes. CareMatrix offers assisted living, nursing, and Alzheimer's care -- often in one facility -- so residents can age in one place. Focusing on middle- to upper-income senior citizens, the company operates facilities throughout the US. CareMatrix is one of many assisted-living developers to fall victim to what some might describe as an overly ambitious acquisition strategy. Such strategies, combined with rising health care costs, have caused financial headaches for several companies in CareMatrix's field.

 COMPETITION
Assisted Living Concepts Inc. (ALF)
Beverly Enterprises, Inc. (BEV)
Manor Care, Inc. (HCR)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 184.90
1-Yr. Sales Growth: 25.8%
Employees: 2,400
Revenue per employee: $77,041.67

 KEY PEOPLE
• Michael J. Zaccaro
    CEO
• Paul Zaylor
    CFO

 CONTACT INFO
120 Wells Ave.
Newton, MA 02459
US
Phone: 617-244-0148
Fax: 617-965-9176
Online: Web Site

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