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  September 5, 2001
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Home > Company Index > Health Products & Services > Specialized Health Services > Continucare Corporation

Continucare Corporation
AMEX: CNU
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 PROFILE
Continucare is continuing to care. Beleaguered by managed care contracts that set reimbursement fees at the same level as Medicare and Medicaid, the company held a fire sale of its nonperforming operations and pared itself down to providing outpatient and home health care services primarily to Foundation and Humana HMO clients in Florida. (Humana accounts for almost 60% of company revenue and Foundation for almost 40%.) Its staff model clinics, where it provides primary health services for managed care customers, are staffed by physicians with whom Continucare contracts for services. The company also provides administrative services such as contract negotiations, financial reporting, and risk management.

 COMPETITION
National HealthCare Corporation (NHC)
RehabCare Group, Inc. (RHB)
Star Multi Care Services, Inc. (SMCS)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 116.60
1-Yr. Sales Growth: (36.1)%
Employees: 480
Revenue per employee: $242,916.67

 KEY PEOPLE
• Spencer J. Angel
    CEO
• Janet L. Holt
    CFO

 CONTACT INFO
80 SW 8th St., Ste. 2350
Miami, FL 33130
US
Phone: 305-350-7515
Fax: 305-350-7749

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