TAMPA, Fla. - August 2, 2012 (Investorideas.com newswire) Comprehensive Care Corporation ("CompCare" or the "Company") (
OTCBB: CHCR),
which provides behavioral health, substance abuse and psychotropic
pharmacy management services, has retained Ramon Martinez, a U.S. Air
Force Lieutenant Colonel, retired, and leading figure in public
management at state, national and international levels, as senior
advisor to the Company's management. Colonel Martinez will spearhead
the development and implementation of a Company mission, vision and
strategy design, integrating the Company's behavioral health program
with its innovative pharmacy cost containment program. The goal of this
initiative is to maximize the Company's market share in both behavioral
health and pharmacy management.
"An integral part of the Company's newly designed pharmacy program
is the retaining of top-tiered senior advisors to assist the Company in
this growth initiative," said Clark A. Marcus, Chairman and CEO.
"Management believes that by attracting senior-level business executives
to work with our senior management team as advisors, we enhance our
ability to reach out to and attract the type of accounts who ultimately
benefit the most from the Company's pharmacy cost-containment program."
"We are delighted to have Colonel Martinez join us as the first
member of our team of senior advisors," continued Mr. Marcus. "Colonel
Martinez's military and public sector background brings a wealth of
experience to the Company, and we look forward to having him share with
us his creative ideas and vision as to how we might even better enhance
our pharmacy initiative. We will also look forward to working with
Colonel Martinez in enlarging the scope of the market for our pharmacy
initiative beyond that already contemplated by the Company."
Colonel Martinez served a twenty-year military career in the
regular component of the US Air Force, climbing the ranks to become
Combat Crew Commander, Test Director and Program Manager of
Inter-Continental Ballistic Missiles; Assistant Professor of Philosophy
at the US Air Force Academy; Deputy Secretary of the Inter-American
Defense Board; US National Defense Fellow; Chief of Latin American
Strategy of US Southern Command; and Interim Director of the US Southern
Command Washington Field Office. He currently serves as senior
consultant for XTek Solutions, a national and international consulting
firm that uses advanced techniques to empower customers to sustain
healthy growth.
Colonel Martinez earned a Master of Arts degree in philosophy from
the University of California at Santa Barbara, a Master's degree in
public administration from the University of Northern Colorado, and a
Bachelor of Arts degree in philosophy and geography from California
State University at Long Beach.
Colonel Martinez entered the private sector as Vice President at
Genetics & IVF Institute in Fairfax, VA, later served as Assistant
Director of Strategic Planning at the South Florida Workforce Board,
adjunct professor of philosophy at Miami-Dade Community College, and as a
consultant working on Homeland Security issues. He also served as
president/CEO of Progreso Latino, Inc., the state of Rhode Island's
flagship Latino empowerment agency and largest bilingual, multi-cultural
community based organization.
Colonel Martinez is recipient of the Hispanic American Chamber of
Commerce of Rhode Island Community Leader of 2009; National Association
for the Advancement of Colored People (NAACP) Providence Branch Thurgood
Marshall Award of 2008; 2008 Service Person of the Year Award of Sigma
Nu Chapter Omega Psi Phi Fraternity, Inc. and The Providence Phoenix
Newspaper Local Hero of 2008. He is vice chair and co-founder of the
Board of Directors of the Rhode Island Mayoral Academies, and was lauded
by the US Secretary of Education as a nationally unique paradigm for
public education excellence with a mayor-led regional network of public
charter schools serving underserved students. He served as a Trustee of
Women and Infants Hospital and the Board of Directors of Clinica
Esperanza/Hope Clinic, a free health clinic for the uninsured and
underinsured of Rhode Island.
Colonel Martinez said, "Effective behavioral healthcare and
pharmacy services are considered two crucial issues that currently
impact the overall well-being of consumers and the healthcare economy as
a whole. I became interested in CompCare because of its unique
operating model designed to address these issues and mutually benefit
health plans, self-insured companies and individuals. I am excited to
leverage my skills to support CompCare in becoming a thriving, resilient
company that delivers on the value promised to its customers. I am also
excited to be working with a highly experienced management team who are
committed to driving CompCare's growth and competitive market edge. My
goal is to work with the management team to introduce a resonating
mission, guiding principles, and corporate strategy that propel the
Company to the next level."
About CompCare:
Established in 1969, CompCare provides behavioral health, substance
abuse and psychotropic pharmacy management services for managed care
companies throughout the United States. Headquartered in Tampa, Florida,
CompCare focuses on personalized attention, flexibility, a commitment
to high-quality services and innovative approaches to behavioral health
that address both the specific needs of clients and changing healthcare
industry demands. For more information, please call 813-288-4808 or
visit our website at
www.compcare.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in
this press release are forward looking and made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect numerous assumptions and
involve a variety of risks and uncertainties, many of which are beyond
CompCare's control that may cause actual results to differ materially
from stated expectations. These risk factors include, among others, the
ability of CompCare to maximize its market share with new pharmacy
initiatives, the ability of CompCare and its staff to execute its
business plan, the ability of CompCare to offer and sell any of its
products at a profit, changes in local, regional, and national economic
and political conditions, the effect of governmental regulation,
competitive market conditions, varying trends in member utilization, our
ability to manage healthcare operating expenses, our ability to achieve
expected results from new business, the profitability, if any, of our
capitated contracts or other products, increases or variations in cost
of care, seasonality, CompCare's ability to obtain additional financing,
increased outsourcing of behavioral health services, and additional
risk factors as discussed in the reports filed by the company with the
Securities and Exchange Commission, which are available on its website
at www.sec.gov. Any forward- looking statement in this release speaks
only as of the date on which it is made. CompCare assumes no obligation
to update or revise any forward-looking statements.
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