CliniCorp announces 14 new integration consulting contracts.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--March 21, 1996--CliniCorp Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLNI) announced the signing of 14 additional Integrated Healthcare Center ("IHC IHC Immunohistochemistry IHC Intermountain Health Care IHC Inner Hair Cells IHC International Harvester Company IHC Internet Healthcare Coalition IHC Indian Head Cent IHC Interactive Health Communication IHC International Hurricane Center ") consulting contracts by CliniCare Wellness Centers Inc. ("CWC CWC Chemical Weapons Convention CWC Cricket World Cup CWC Central Wyoming College CWC Ceylon Workers' Congress (trade union; Sri Lanka) CWC Ceylon Workers Congress (Sri Lanka) "), its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , bringing the total of new contracts entered into since Jan. 1, 1996 to 30. As previously disclosed, the IHC consulting contracts with independently owned units are the centerpiece of the company's rollout strategy. While the company continues to own and operate 22 clinics, the majority of which are in varying stages of integration in becoming multidisciplinary offices, the consulting contracts call for CWC to integrate independently owned clinics with medical, physical therapy and rehabilitation services. CWC earns 20% of the increased collections of the clinic over a pre-established base-line for two years and 15% thereafter for the initial five year term of the contract. CWC is soliciting additional consulting contracts in an effort to create statewide networks of IHCs with the objective of marketing the services of such network to managed care providers. CliniCorp is a clinic owner and management company listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. (symbol:CLNI) with corporate headquarters located at 1601 Belvedere Road, West Palm Beach, FL 33406. Telephone 407/684-2225. CONTACT: CliniCorp Inc., West Palm Beach Neil Baritz, 407/684-2225 |
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