REPEAT/OptimumCare Corp. Announces Letter of Intent to Acquire Medical Staffing Company.Business Editors REPEATING...Due to Corrected Headline LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--May 24, 2002 Edward A. Johnson, chief executive officer of OptimumCare Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :OPMC OPMC Office of Professional Medical Conduct (New York State Department of Health) ), today announced the company has signed a letter of intent to acquire, in a non-stock transaction, the assets of a medical staffing company with annual revenues of approximately $3 million. "The transaction is still in the preliminary stage and is subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. including review by the company's auditors and approval by the company's board of directors," stated Johnson. Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or services, OptimumCare provides a wide range of inpatient inpatient /in·pa·tient/ (in´pa-shent) a patient who comes to a hospital or other health care facility for diagnosis or treatment that requires an overnight stay. in·pa·tient n. and outpatient behavioral health services through a network of affiliated hospitals, medical centers and community health centers. Certain of the statements made herein constitute 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. that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation which may affect facilities, licensing, healthcare reform which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs which may affect future sales growth and/or costs of operations. Additional information may be obtained by reviewing the company's reports filed from time to time with the SEC. |
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