| Business Summary | | Innovative
Clinical
Solutions,
Ltd.
provides
services
that
support
the
needs
of
the
pharmaceutical
and
managed
care
industries.
The
Company
integrates
its
pharmaceutical
services
division
with
its
provider
network
management
division
to
create
innovative
research
solutions
for
its
customers.
The
Company's
services
include
clinical
and
economic
research
and
disease
management,
as
well
as
managed
care
functions
for
specialty
and
multi-specialty
provider
networks
including
more
than
5,000
providers
and
over
10
million
patients
nationwide.
The
Company's
components
include
ICSL
Clinical
Studies,
ICSL
Healthcare
Research
and
ICSL
Network
Management.
In
July
2000,
the
Company
announced
that
it
and
its
subsidiaries
commenced
the
implementation
of
a
plan
to
restructure
the
Company's
existing
$100
million
6.75%
convertible
Debentures
due
2003
by
the
filing
of
voluntary
petitions
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Innovative
Clinical
Solutions
provides
diverse
services
supporting
the
needs
of
the
pharmaceutical
and
managed
care
industries,
including
site
and
clinical
management
and
multi-and
single-specialty
provider
network
management.
For
the
nine
months
ended
10/31/00,
revenues
fell
52%
to
$74.7
million.
Net
loss
before
extraordinary
items
fell
42%
to
$29.3
million.
Results
reflect
decrease
service
revenues.
Lower
loss
reflect
reduce
expenses
due
to
asset
divestitures. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Michael Heffernan, 35 Chairman,
Pres, CEO | $303K | Gary Gillheeney, 45 CFO,
Treasurer | -- | Bryan Dieter, 42 CIO | 220K | R. Adrian Otte, M.D, 44 COO
for Clinical Studies and Healthcare Research | 246K | John Wardle COO
for Provider Network Services | 227K | Dollar amounts are as of 31-Jan-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
|
|