| Business Summary | | OptimumCare
Corporation
is
engaged
in
the
development
and
marketing
of
healthcare
facility-based
programs
(Programs),
managed
by
the
Company,
primarily
for
the
treatment
of
depression
and
certain
other
mental
health
disorders,
as
well
as
programs
for
alcohol
and
drug
abuse.
After
the
Company
obtains
a
contract
for
the
establishment
of
one
or
more
Programs
at
a
host
healthcare
facility,
it
recruits
and
trains
the
staff
needed
to
operate
its
programs.
Typically,
the
host
healthcare
facility
provides
a
specified
number
of
beds
for
the
Program,
as
well
as
all
other
support
services
required
for
the
operation
of
the
Program,
including
nursing,
dietary,
housekeeping,
billing
and
other
administrative
functions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OptimumCare
develops
and
markets
health
care
facility-based
programs
for
the
treatment
of
depression
and
certain
other
mental
health
disorders,
as
well
as
programs
for
alcohol
and
drug
abuse.
For
the
six
months
ended
6/30/01,
total
revenues
fell
3%
to
$4
million.
Net
income
rose
from
$178
thousand
to
$365
thousand.
Revenues
reflect
the
closure
of
one
program.
Earnings
benefited
from
the
absence
of
the
provision
for
uncollectible
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edward Johnson, 55 Chairman,
CEO, Chief Financial Officer, Sec. | $379K | Mulumebet Michael, 52 Pres
and COO | 241K | 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
|
|