Tuesday, November 22, 2011

Comprehensive Care Corp. (CHCR) Announces 212 Percent Increase in Revenues

With headquarters in Tampa, Florida, Comprehensive Care (“CompCare”) is a leading provider in behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the United States. Today, CompCare announced that their nine month revenues have topped $54 million, which represents an increase of 212 percent over the same period a year earlier.

Leading the way at CompCare is Clark Marcus whom serves as the company’s Chairman and CEO. In reference to today’s announcement, Marcus stated, “We are delighted by this significant increase in revenues. A year ago, the Company’s revenues for the nine-month period ended September 30, 2010 were up 66% from the same nine-month period in 2009. The entire two-year period of 2009 to 2011 represented a material transition and growth time for the Company during which the Company not only maintained full staff but added significant executive personnel in order to position the Company for profitability. By successfully increasing the Company’s business and adding top-line revenue, we believe the Company is on the track to achieve sustainable profitability in 2012, and we look forward to continuing to announce this progress to our investors.”

Currently, CompCare is trading in the $0.22 range. To learn more about this story, or the company as a whole, visit their company website at www.compcare.com

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