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  September 5, 2001
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Home > Company Index > Health Products & Services > Medical Laboratories & Research > Innovative Clinical Solutions, Ltd.

Innovative Clinical Solutions, Ltd.
OTC: ICSL
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 PROFILE
Innovative Clinical Solutions (formerly PhyMatrix) is trying to reposition itself as a pharmaceutical services provider after filing for Chapter 11 bankruptcy protection and restructuring. The company has sold its physician practices and medical service businesses, focusing on pharmaceutical services (including site and disease management) and specialty provider network management. MRI, a subsidiary of the company, conducts phase I to IV clinical research services in over 40 facilities in about 15 states. Founder and former Chairman and CEO Abraham Gosman owns almost 25% of the company.

 COMPETITION
Covalent Group, Inc. (CVGR)
PhyCor, Inc. (PHYC)
Quintiles Transnational Corp. (QTRN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 186.30
1-Yr. Sales Growth: (36.1)%
Employees: 612
Revenue per employee: $304,411.76

 KEY PEOPLE
• Michael T. Heffernan
    CEO
• Gary Gillheeney
    CFO

 CONTACT INFO
10 Dorrance St., Ste. 400
Providence, RI 02903
US
Phone: 401-831-6755
Fax: 401-831-6758
Online: Web Site

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