TAMPA, Fla.--(BUSINESS WIRE)--Comprehensive Care Corporation ("CompCare" or the "Company") (OTCBB:CHCR) announced today that it has further strengthened its management team through the appointment of several highly experienced healthcare professionals over the past several months. The new members of the CompCare team have assumed new and existing roles at the Company in order to help advance its business through continued innovation of services and to implement an expanded sales and marketing plan.
The most recent was the appointment of Dr. Susan Norris, former CEO of MHNet Behavioral Health, to serve as CompCare’s Senior Vice President of Operations, effective March 1, 2011. Dr. Norris is a Licensed Mental Health Counselor (LMHC) in the State of Florida, with 20 years of experience in the healthcare field. She most recently served as Senior Vice President of Operations for CompCare de Puerto Rico, Inc. (CCPR), where she helped to establish clinical operations for the Company in Puerto Rico.
Prior to her work with CCPR, Dr. Norris held various leadership positions at MHNet Behavioral Health, a national leader in the behavioral healthcare industry with more than 400 employees in five regional offices. This included serving as Vice President of Operations from 2001 to 2004, President from 2004 to 2010 and Chief Executive Officer of MHNet from 2008 to 2010. Under her executive guidance, MHNet built up profit margins to approximately 30%.
Dr. Norris was also a Senior Mental Health Clinician at Gutman Psychiatric Clinic from 1995 to 1998; and a counselor with New Directions Counseling Center from 1993 to 1995. She received her Ph.D. in Philosophy and Psychology from Walden University, and a Masters in Counseling and Human Development from Troy State University.
Clark A. Marcus, CompCare’s Chairman and CEO, commented, “Dr. Norris has done an exemplary job of facilitating significant growth for our clinical operations in Puerto Rico. We expect that her vast amount of experience with Medicaid, Medicare, and commercial and employer group lines of business will add a tremendous amount of value to our outstanding team of top-level executives.”
Mr. Marcus continued, “Attracting talented people to the Company who possess the background and experience which we believe are needed to grow CompCare’s business has been one of our driving priorities for the past twelve months. We believe these efforts have been successful, and we have now assembled a highly-developed and diversified team of industry leaders, each with individual track records of successfully achieving bottom-line results while spearheading operational improvements. We believe this management team can, and will, drive CompCare towards the successful execution of its growth strategy through 2011 and beyond.”
Additional recent hires include:
Richard T. Wright, MHA, was appointed Senior Vice President of Business Development at CompCare in September 2010. He brings more than 30 years of experience in healthcare to the Company. Prior to this position, he served as the Senior Vice President, Business Development for MHNet, during which time he closed an average of approximately $12 to $15 million per year in incremental gross revenue, helping increase the total annual gross revenue running rate from $750,000 to over $135 million during his tenure.
Gabriel Kaplan, M.D., joined CompCare's team as its Senior Medical Consultant in late 2010, bringing more than 15 years experience as a healthcare consultant to insurance and pharmaceutical companies such as Cigna, Aetna, Value Options, Wyeth and Shire Pharmaceuticals. His areas of consultation involve medical market research, delineation of healthcare benefits, web-based medical information, international business plan development, management of physician networks and clinical trials. Dr. Kaplan is a Board-Certified adult and child psychiatrist and Distinguished Fellow of the American Psychiatric Association.
Robert Siegel was appointed as President of the Company’s Comprehensive Care Benefits, Inc. (CCB) subsidiary in January 2011. Mr. Siegel brings over 22 years of experience as a sales and marketing executive in the insurance industry. Throughout his career, Mr. Siegel has founded, built and transformed a number of insurance companies, including BAI Associates and Employee Choice Benefits in partnership with AIG. Most recently, Mr. Siegel created a partnership between MetLife PPO Dental, in Colorado, and the state's leading DHMO provider, Beta Dental.
About CompCare
Established in 1969, CompCare provides behavioral health, substance abuse and employee assistance programs for governmental agencies, managed care companies and employer groups 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 and its staff to execute its business plan, the ability of CompCare to offer and sell any of its products at a profit, the ability of CompCare to benefit from expanded business, the likelihood, or not, of expanded business in the future, 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, and CompCare’s ability to obtain additional financing, 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.