| Business Summary | | ProMedco
Management
Co.
is
a
medical
services
company
that
manages
and
coordinates
the
delivery
of
a
wide
variety
of
healthcare
services
in
non-urban
markets.
To
enter
these
markets,
the
Company
typically
affiliates
with
a
medical
group
in
a
community.
The
Company
then
expands
its
market
share
through
affiliations
with
additional
primary
care
physicians
and
specialists
and
selective
additions
of
ancillary
services.
In
addition
to
providing
capital,
the
Company
provides
a
broad
range
of
strategic
and
management
expertise
and
services.
As
of
December
1999,
the
Company
operates
in
25
communities,
where
it
is
affiliated
with
medical
groups
comprised
of
approximately
830
physicians
and
155
mid-level
providers.
In
addition,
the
Company
is
associated
with
approximately
1,850
physicians
in
associated
independent
practice
association
(IPA)
networks.
In
April
2001,
the
Company
filed
a
voluntary
petition
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ProMedCo
is
a
medical
services
company
that
coordinates
and
manages
the
delivery
of
a
wide
variety
of
healthcare
services
in
non-urban
communities.
For
the
nine
months
ended
9/30/00,
revenues
rose
10%
to
$255.7
million.
Net
loss
applicable,
to
Common
and
before
extra
item
totaled
$45.3
million,
vs.
a
gain
of
$11.8
million.
Revenues
reflect
growth
in
medical
group.
Earnings
were
offset
by
increased
salary
and
benefit
expenses
and
impairment
of
intangible
assets. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999
Compensation | | Pay | Exer | |
| Charles McQueary, 46 Acting
CEO | $22K | -- | Robert Smith, 38 Sr.
VP and CFO | -- | -- | Deborah Johnson, 46 Sr.
VP - Admin. and Sec. | -- | -- | Dale Edwards, 36 Sr.
VP - Devel. | 283K | $178K | Robert Sontheimer, 58 Sr.
VP - Managed Care | 427K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|