 |
|
 |
 |

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
|
 |
 |
 |
|
Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
|

|
 |
 |
|
 |