-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QvRmy19PE9/+l/mlm60RtbpOPV49oxZYApeIPfT+juJ/e4LfS1Vd0UGYdKV3Q3tr mR75RPZcD2YwSGSPaGPEoQ== 0000950144-05-000350.txt : 20050119 0000950144-05-000350.hdr.sgml : 20050119 20050119093407 ACCESSION NUMBER: 0000950144-05-000350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050119 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050119 DATE AS OF CHANGE: 20050119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPREHENSIVE CARE CORP CENTRAL INDEX KEY: 0000022872 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 952594724 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09927 FILM NUMBER: 05535038 BUSINESS ADDRESS: STREET 1: 200 SOUTH HOOVER BLVD STREET 2: SUITE 200 CITY: TAMPA STATE: FL ZIP: 33609 BUSINESS PHONE: 813-288-4808 MAIL ADDRESS: STREET 1: 200 SOUTH HOOVER BLVD STREET 2: SUITE 200 CITY: TAMPA STATE: FL ZIP: 33609 FORMER COMPANY: FORMER CONFORMED NAME: NEURO PSYCHIATRIC & HEALTH SERVICES DATE OF NAME CHANGE: 19730501 FORMER COMPANY: FORMER CONFORMED NAME: NEURO PSYCHIATRIC & HEALTH SERVICES INC DATE OF NAME CHANGE: 19700402 FORMER COMPANY: FORMER CONFORMED NAME: JADE OIL CO DATE OF NAME CHANGE: 19700402 8-K 1 g92805e8vk.htm COMPREHENSIVE CARE CORPORATION Comprehensive Care Corporation
Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT,
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT: January 19, 2005

Comprehensive Care Corporation

(Exact Name of Registrant as Specified in Charter)
         
Delaware   1-9927   95-2594724
         
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)
         
         
204 South Hoover Boulevard
       
Suite 200
       
Tampa, Florida
    33609  
 
       
(Address of Principal Executive Offices)
  (Zip Code)

Registrant’s telephone number, including area code: (813) 288-4808

 

N/A


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 


TABLE OF CONTENTS

Item 8.01. Other Events.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Ex-99.1: Press Release


Table of Contents

Item 8.01. Other Events.

On January 19, 2005, the Company issued a press release, furnished herewith as Exhibit 99.1 and incorporated herein by reference, to report the recent appointment of Mr. Gavin Scotti and Mr. Anthony Milone to the newly created positions of Director of Strategic Planning and Marketing and as Executive Vice President, respectively. Messrs. Scott and Milone will have significant roles in the development of the Company’s commercial business.

Mr. Scotti has over 30 years of experience in the healthcare industry and is the former Chairman and Chief Executive Officer of Saatchi & Saatchi Healthcare Worldwide, one of the premier marketing communication companies in the United States. Mr. Scotti also was a member of the Board of Pharmaceutical Research Manufacturers of America, and the Epilepsy Foundation of America.

Mr. Milone has 30 years of experience in the healthcare industry, which includes his past position as Chairman of QualCare Alliance Networks, Inc., a New Jersey based predominantly hospital owned full service managed care company serving both group health and workers compensation markets conducting business as a Preferred Provider Organization, Third Party Administrator (“TPA”), and Utilization Manager. Mr. Milone is also the founder of Health Alliance Network, Inc., a National Managed Care Company, where he continues to serve as President and Chief Executive Officer. Health Alliance Network, Inc. serves many diversified organizations such as Insurance Companies, TPAs and Taft-Hartley Funds.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements. None.
(b) Pro Forma Financial Information. None.
(c) Exhibits. See Exhibit Index immediately following the signature page hereto.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Certain information included in this report on Form 8-K and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company’s anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include local, regional, and national economic and political conditions, the effect of governmental regulation, the competitive environment in which the Company operates, and other risks detailed from time to time in the Company’s SEC reports.

2


Table of Contents

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
         
  COMPREHENSIVE CARE CORPORATION
 
 
  By:   /s/ Robert J. Landis    
    Name:   Robert J. Landis   
Date: January 19, 2005    Title:   Chairman of the Board, Chief Financial Officer
and Treasurer  
 
 

EXHIBIT INDEX

     
Exhibit   Description
99.1
  Press Release dated January 19, 2005

3

EX-99.1 2 g92805exv99w1.htm EX-99.1: PRESS RELEASE Ex-99.1: Press Release
 

(COMPCARE LOGO)

EXHIBIT 99.1

COMPREHENSIVE CARE CORPORATION STRENGTHENS COMMERCIAL
SALES AND MARKETING TEAM

TAMPA, FL – (BUSINESSWIRE) – January 19, 2005 – Comprehensive Care Corporation (OTCBB:CHCR) (CompCare), a company specializing in managed behavioral healthcare and employee assistance services through its operating subsidiaries, today announced that Gavin Scotti and Anthony Milone have joined CompCare and will have significant roles in the development of CompCare’s commercial business as Director of Strategic Planning and Marketing and as Executive Vice President, respectively. Mr. Scotti has over 30 years of experience in the healthcare industry and is the former Chairman and Chief Executive Officer of Saatchi & Saatchi Healthcare Worldwide, one of the premier marketing communication companies in the United States. Mr. Scotti also was a member of the Board of Pharmaceutical Research Manufacturers of America, and the Epilepsy Foundation of America. Mr. Milone has 30 years of experience in the healthcare industry, which includes his past position as Chairman of QualCare Alliance Networks, Inc., a New Jersey based predominantly hospital owned full service managed care company serving both group health and workers compensation markets conducting business as a Preferred Provider Organization, Third Party Administrator (“TPA”), and Utilization Manager. Mr. Milone is also the founder of Health Alliance Network, Inc., a National Managed Care Company, where he continues to serve as President and Chief Executive Officer. Health Alliance Network, Inc. serves many diversified organizations such as Insurance Companies, TPAs and Taft-Hartley Funds.

Mr. Gavin Scotti stated, “It is my goal to assist in organically growing CompCare by expanding its presence in the commercial markets and to assist the company in developing synergistic opportunities with complementary companies that will fuel CompCare’s growth.”

According to Mr. Milone, “My approach is built upon a philosophy to generate consistent and sustainable growth.”

Mary Jane Johnson, President and Chief Executive Officer of CompCare, stated, “Both Gavin and Tony bring an enormous amount of managed care experience in the commercial healthcare industry. We are very pleased to have these two seasoned healthcare executives lead our commercial sales and marketing efforts.”

About Comprehensive Care Corporation
Established in 1969, CompCare provides behavioral health, substance abuse, and employee assistance programs for governmental agencies, managed care companies and employer groups throughout the United States. Headquartered in Tampa, Florida, CompCare operates regional service centers in Connecticut, Florida, Michigan, and Texas; serves approximately 1,000,000 covered individuals nationwide; and has a network of approximately 10,000 qualified behavioral health practitioners. With 35 years of experience in the industry, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services, and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain information included herein and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company’s anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include local, regional, and national economic and political conditions, our ability to obtain additional financing, the effect of governmental regulation, the competitive environment in which the Company operates, and the other risks detailed from time to time in the Company’s SEC reports.

FOR MORE INFORMATION, PLEASE CONTACT
Robert J. Landis, Chairman, Chief Financial Officer and Treasurer
(813) 288-4808

204 South Hoover Boulevard, Suite 200
Tampa, Florida 33609
813-288-4808 * Fax 813-288-4844
www.compcare.com

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-----END PRIVACY-ENHANCED MESSAGE-----