| Business Summary | | HORIZON
Pharmacies,
Inc.
owns
and
operates
a
chain
of
retail
pharmacies
and
related
businesses
located
principally
in
the
south
central
United
States.
As
of
December
31,
2000,
the
Company
owned
45
pharmacies
and
related
businesses.
In
addition
to
its
retail
pharmacy
business,
the
Company
sells
and
leases
home
medical
equipment
and
offers
home
healthcare
services
through
its
wholly
owned
subsidiary,
HORIZON
Home
Care,
Inc.
The
Company
also
has
an
Internet
pharmacy
operation,
HORIZONScripts.com,
Inc.,
through
which
it
operates
its
mail
order
and
Internet
pharmacy
operations
and
its
internal
technology
applications.
In
July
2001,
the
Company
filed
a
voluntary
petition
for
Chapter
11
relief
in
the
United
States
Bankruptcy
Court
for
Northern
District
of
Texas,
Dallas
Division.
Voluntary
petitions
and
requests
for
joint
administration
were
also
filed
on
behalf
of
three
subsidiaries
of
the
Company,
Horizon
Home
Care,
Inc.,
HorizonScripts.com,
Inc.
and
Jones
Low
Priced
Drugs,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HORIZON
Pharmacies,
Inc.
owns
and
operates
a
chain
of
retail
pharmacies
and
related
businesses
located
in
the
south
central
United
States.
For
the
three
months
ended
3/31/01,
revenues
fell
5%
to
$33.3
million.
Net
loss
totaled
$3.5
million,
up
from
$1.6
million.
Revenues
reflect
a
decrease
in
store
operating
months
as
a
result
of
the
sale
of
seven
underperforming
stores.
Higher
loss
also
reflects
lower
margin
on
prescription
drug
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ricky McCord, 45 Chairman,
Pres, CEO | $280K | Michael Loy, 49 CFO,
Director | -- | Robert Mueller, 42 Director,
Pres of HorizonScripts.com, Inc. | 274K | Andy Komuves CIO | -- | Charlie Herr, 60 Sec.,
Sr. VP, Director | 237K | 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
|
|