| Business Summary | | Vision
Twenty-One,
Inc.
is
a
vision
care
company
that
is
mainly
focused
on
the
provision
of
administrative
services
to
managed
care
entities.
The
Company
manages
routine
vision
and
medical/surgical
eye
care
programs
through
contracts
with
managed
care
organizations
and
other
third-party
payors.
The
Company's
principal
operating
subsidiaries
consist
of
Vision
21
Managed
Eye
Care
of
Tampa
Bay,
Inc.
(Vision
21
MCO),
Vision
21
Physician
Practice
Management
Company,
Inc.
(Vision
21
PPMC),
MEC
Health
Care
Inc.
and
BBG-COA,
Inc.
and
its
subsidiaries,
including
Block
Vision,
Inc.
The
Company
operates
its
managed
care
business
under
the
brands
Block
Vision,
Block
Vision
of
Texas,
MEC
Eye
Care,
ESAN
(Eye
Specialists
of
Arizona)
and
VIPA
(Vision
Insurance
Plans
of
America).
Vision
Twenty-One
divested
its
physician
practice
management
business
in
September
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vision
Twenty-One
and
its
subsidiaries
develops
and
manages
local
eye
care
delivery
systems
(LADS)
in
40
markets.
EYES
also
develops
retail
distribution
channels
for
its
LADS.
For
the
three
months
ended
3/31/01,
revenues
fell
14%
to
$11.6
million.
Net
income
from
continuing
operations
before
extraordinary
item
totalled
$949
thousand
vs.
a
loss
of
$4.2
million.
Revenues
reflect
the
termination
of
several
non-profitable
contracts.
Lower
loss
reflects
a
decrease
in
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Bruce Maller, 46 Chairman | -- | Mark Gordon CEO | -- | Andrew Alcorn, 44 Pres | $229K | Richard Jones CFO | -- | Ellen Gordon COO | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|