Comprehensive Care Corp. Reports That it is Not Selected as Winning Bidder for Managed Care Contract in Argentina.TAMPA, Fla.--(BW HealthWire)--Jan. 29, 1999--Comprehensive Care Corp. (NYSE NYSE See: New York Stock Exchange :CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ) Friday announced that it was informed by the Argentinean agency responsible for the awarding of the previously announced managed care contract for overall medical services for that country's senior citizens, that the company was not selected as one of the winning bidders. However, the company is evaluating an opportunity to submit a bid to provide specific behavioral healthcare services to the country's senior citizen population. Chriss Street, chairman of Comprehensive Care, stated: "Clearly, we are disappointed that CompCare was not selected to participate in this first round of Argentina managed care contracts. Nonetheless, we are exploring and carefully considering other opportunities which are emerging as a direct result of the massive changes occurring in Argentina's healthcare system." Comprehensive Care, based in Tampa, administers and operates behavioral healthcare programs for government agencies and managed care organizations. The company currently has contracts covering approximately 1.5 million healthcare organization members and Medicaid recipients, and has a network of approximately 15,000 practitioners. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties in the market, pricing, competition, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. efficiencies, and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release. |
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