Continucare Reports Change in Board of Directors.Business Editors/Health & Medical Writers MIAMI--(BUSINESS WIRE)--April 2, 2002 Continucare Corporation (AMEX AMEX See: American Stock Exchange :CNU CNU Christopher Newport University CNU Chungnam National University (Korea) CNU Congress for the New Urbanism CNU Chonnam National University (Korea) CNU Consiglio Nazionale degli Utenti ), a leader in the fields of third party management of medical risk and home healthcare services in the Florida market, today reported that Dr. Phillip Frost has resigned his position as Vice Chairman of the Board of Directors. "It is with the deepest gratitude and respect that we accept Dr. Frost's resignation from the board," said Spencer J. Angel, President and Chief Executive Officer of Continucare. "Dr. Frost has been a guiding force behind the restructuring of Continucare. He has single handedly provided Continucare with the courage and vision to once again stand in the community as a leader." Additionally, Continucare announced that Neil Flanzraich, Vice Chairman and President of IVAX IVAX Industrial Vax (Dec Computer) had been elected to fill the position of the board that had been vacated by Dr. Frost. "We welcome Neil to the board and look forward to his counsel," said Spencer J. Angel. "Neil is a sophisticated businessman and we are honored to have him on the Board of Directors of Continucare." Mr. Flanzraich has served as Vice Chairman and President of IVAX since 1998 and as a Director of IVAX since 1997. He was a shareholder and served as Chairman of the Life Sciences Legal Practices Group of Heller Ehrman Heller Ehrman LLP is an international law firm of more than 700 attorneys working across 13 offices in the United States, Europe, and Asia.[2] Heller Ehrman was founded in San Francisco in 1890 and has additional offices located in most of the major financial centers White & McAuliffe from 1995 to 1998. From 1981 to 1994, he served as Senior Vice President and member of the corporate Operating Committee at Syntex Corporation. Continucare Corporation, headquartered in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , is a holding company with subsidiaries engaged in the business of third party management of medical risk by providing outpatient healthcare services through managed care arrangements and home healthcare services. Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the 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. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Investors are cautioned that 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. involve risks and uncertainties that may affect the company's business and prospects, and cause results to differ materially from those set forth in the forward-looking statements. In addition to the factors set forth elsewhere in this release, the economic, competitive, governmental, technological and other factors identified in Continucare's filings with the Securities and Exchange Commission could affect the forward-looking statements contained in this release. |
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