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Home > Company Index > Health Products & Services > Health Care Plans > ConnectiCare Inc.

ConnectiCare Inc.
 NEWS FROM THE STANDARD
News Briefs
Jun 05 1998 12:00 AM PDT

 PROFILE
To profit or not to profit? That is no longer a question for ConnectiCare. The company, one of the largest HMOs in Connecticut, has converted to for-profit status in order to raise capital. In 1979 a group of doctors at Hartford Hospital planted the seeds for what would become ConnectiCare; today, the company's more than 200,000 members in Connecticut and western Massachusetts choose from HMO or point-of-service options. The company has a network of more than 30 hospitals and about 6,000 care providers. ConnectiCare established a charitable foundation as part of its reorganization to for-profit status. Conservative investment firm The Carlyle Group is partnering with another private equity firm to buy ConnectiCare.

 COMPETITION
Aetna Inc. (AET)
Anthem Insurance Companies, Inc. (dossier)
Oxford Health Plans, Inc. (OHP)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 541.00
1-Yr. Sales Growth: 22.9%
Employees: 530
Revenue per employee: $1,020,754.72

 KEY PEOPLE
• Marcel L. Gamache
    CEO
• Thomas L. Tran
    CFO

 CONTACT INFO
30 Batterson Park Rd.
Farmington, CT 06032
US
Phone: 860-674-5700
Fax: 860-674-2878
Online: Web Site

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