Coastal Government Services Inc. Awarded Contract Totaling Over $10 Million.DURHAM, N.C.--(BUSINESS WIRE)--Aug. 20, 1997--Coastal Government Services Inc., an affiliated company of Coastal Physician Group Inc. (NYSE NYSE See: New York Stock Exchange : DR), has recently been awarded a contract by the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. . This award totals over $10 million if all options are exercised by the Navy during a five year period beginning Oct. 1, 1997. This contract supports the Department of Defense TRICARE Prime program, the military's managed care program at Naval Hospital in Beaufort, S.C. Coastal Government Services Inc. will manage the Emergency Medicine Department and provide primary care services to patients from a catchment area catchment area or drainage basin, area drained by a stream or other body of water. The limits of a given catchment area are the heights of land—often called drainage divides, or watersheds—separating it from neighboring drainage population of 44,000 eligible beneficiaries. Since 1988, Coastal Government Services Inc. has been successfully providing health care services to the Navy, Army, Air Force and Coast Guard, Veterans Affairs Veterans Affairs is a term of the business that deals with the relation between a government and its veteran communities, usually administered by the designated government agency. and Indian Health Service The Indian Health Service (IHS) is an Operating Division (OPDIV) within the U.S. Department of Health and Human Services responsible for providing federal health services to American Indians and Alaska Natives. facilities. Steven M. Scott, M.D., chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Coastal Physician Group Inc., commented: "This is another in a string of recent victories for Coastal Government Services demonstrating our ability to be successful in this competitive marketplace. This award also demonstrates that Coastal's core operations are strong and viable." Coastal Physician Group Inc. is a diversified physician management company providing a broad range of health care and administrative services to physicians, hospitals, employers, managed care programs and other health care providers. CONTACT: Coastal Physician Group Inc., Durham, N.C. Lewis D. Sanders, President/Chief Executive Officer, Coastal Government Services Inc. 919/383-6934 |
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