| Business Summary | | HEARx
Ltd.
operates
a
network
of
hearing-care
centers
that
provide
a
full
range
of
audiological
products
and
services
for
the
hearing
impaired.
At
year-end
2000,
the
Company
operated
a
total
of
80
centers.
These
included
33
in
Florida,
13
in
New
York,
15
in
New
Jersey
and
the
19
HEARx
West
centers
in
California.
HEARx
and
its
subsidiary,
HEARx
West
LLC,
a
joint
venture
with
the
Permanente
Federation
LLC,
receive
a
per-member-per-month
fee
for
more
than
1.3
million
managed-care
members.
In
total,
HEARx
has
over
170
contracts
for
hearing
care
with
various
healthcare
providers.
Each
HEARx
center
is
staffed
or
supervised
by
a
minimum
of
one
professionally
trained,
licensed
and
certified
audiologist,
and
at
least
one
patient-care
coordinator.
The
majority
of
the
Company's
centers
are
located
in
strip
shopping
centers,
and
are
typically
1,500
to
2,500
square
feet
in
size. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HEARx
Ltd.
operates
a
network
of
hearing
care
centers
which
provide
a
full
range
of
audiological
products
and
services
for
the
hearing
impaired.
For
the
26
weeks
ended
6/30/01,
revenues
fell
15%
to
$23.9
million.
Net
loss
applicable
to
Common
totaled
$6.1
million,
up
from
$1.4
million.
Revenues
reflect
the
impact
of
an
overall
downward
trend
in
the
nation's
economy.
Higher
loss
also
reflects
increased
bad
debt
expenses
and
expanded
corporate
functional
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Brown, M.D., 63 Chairman,
CEO | $300K | Stephen Hansbrough, 54 Pres,
COO | 275K | Donna Taylor, 44 Sr.
VP of Sales, Operations | 165K | James Peklenk, 54 VP
- Fin. and CFO | 165K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|