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  September 5, 2001
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Home > Company Index > Health Products & Services > Specialized Health Services > CareScience, Inc.

CareScience, Inc.
Nasdaq: CARE
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 PROFILE
Who cares about efficient doctors? CareScience does. Formerly known as Care Management Science, the application service provider (ASP) offers Internet-based operations review and analysis services to hospitals, health care plans, and drugmakers. Its Web-based products include Care Management System (to improve efficiency), Care Data Exchange (for data sharing), Lifecycle Decision Systems (to assist drug development), and Free Benchmarking (performance assessments). The firm also offers technology assessment tools and consulting services. Clients include Pharmacia and Rush System for Health. J.H. Whitney & Co., Health Net, chairman/CEO David Brailer, and director Jeffrey Jay each own about 20% of CareScience.

 COMPETITION
Dynamic Healthcare Technologies, Inc. (DHTI)
Health Risk Management, Inc. (HRMI)
Tripos, Inc. (TRPS)

 DEALS
Deal: CareScience Buys Strategic Outcomes Services
Date Announced: 01.22.01
Value of transaction (US $Mil): 1.3
Description: Online care-management company buys pharmacoeconomic and outcomes research consulting firm for $1.1 million in cash and 250,000 in stock.

 TRACKERS
Jan. 29, 2001 - LAYOFF TRACKER
22 laid off
Description: Discontinuing CareLeader and CareSense product lines. Streamlining marketing and product development departments. Layoffs represent a 15% staff reduction.

More LAYOFF NEWS

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7.80
1-Yr. Sales Growth: 79.3%
Employees: 147
Revenue per employee: $53,061.22

 KEY PEOPLE
• David J. Brailer
    CEO
• Steven Bell
    CFO

 CONTACT INFO
3600 Market St., 6th Fl.
Philadelphia, PA 19104
US
Phone: 215-387-9401
Fax: 215-387-9406
Online: Web Site

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