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CompCare Appoints Clark Marcus as Chairman & Co-CEO, Member of Board of Directors

Tue. May 19, 2009; Posted: 04:00 PM
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TAMPA, Fla., May 19, 2009 (BUSINESS WIRE) -- CHCR | Quote | Chart | News | PowerRating -- Comprehensive Care Corporation (CompCare) (OTCBB:CHCR) a company that provides behavioral health, substance abuse, direct-to-consumer marketing of healthcare products, and employee assistance programs for governmental agencies, managed care companies and employer groups throughout the United States, today announced it has appointed Clark Marcus as its new Chairman and Co-Chief Executive Officer. Mr. Marcus will also be joining the Company's Board of Directors.

Mr. Marcus brings over 35 years of building public and private companies and strong relationships with business and political leaders. Mr. Marcus was formerly Chairman and Chief Executive Officer of Core Corporate Consulting Group, Inc. ("Core"), having stepped down from that role prior to CompCare acquiring Core on January 20, 2009. Prior to that, he was a founder, Chairman and Chief Executive Officer at The Amacore Group, Inc., a healthcare distribution company whose sales grew from zero to over $30 million in the final three years of his leadership. In the late 1980's, Mr. Marcus founded and initially funded Dimensional Vision Group Limited (DVG) and Fountain Pharmaceuticals, Inc., with both companies completing a public offering within their first year of operation. In the 1970's and early 1980's, Mr. Marcus was the driving force in the successful growth of a number of various private ventures. He was also a senior partner of the New York law firms of Victor & Marcus and Marcus & Marcus.

John Hill, Co-CEO of CompCare, said, "We are extremely excited to have Clark join CompCare at this time. His proven ability to lead organizations through early development to large successful companies will be invaluable to CompCare and its shareholders. Clark's strong relationships with business and political leaders and extensive experience with publicly listed companies, the healthcare industry and the investment community will be invaluable in helping take CompCare to the next level. Clark, along with CompCare's existing executives, completes one of the strongest executive teams I have seen in the healthcare industry."

Mr. Marcus said, "I am extremely pleased to join such an impressive and talented management team and Board at CompCare. CompCare's merger with Core earlier this year provides it with a unique opportunity to significantly grow its revenue and brand nationwide."

The Company also announced its appointment of Jerry Katzman, M.D. as Executive Vice President of Strategic Development and to its Board of Directors. He brings over 30 years of healthcare and entrepreneurial experience. Dr. Katzman was formerly Chief Medical Officer of Core, having stepped down from that role when CompCare acquired Core on January 20, 2009. Prior to that, he was a founder, Director and Chief Medical Officer at The Amacore Group, Inc. Dr. Katzman is an ophthalmologist and has been in practice for 23 years.

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. Through its wholly owned subsidiary, Core Corporate Consulting Group, Inc., the Company provides direct-to-consumer marketing of healthcare products. Headquartered in Tampa, Florida, 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. For more information go to www.compcare.com.

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this press release include the projected successful integration of Core's operations into CompCare's business, the continuing success that Core is expected to have in marketing its products, the potential represented by ethnic markets and the overall performance of the healthcare market. These forward-looking statements are not historical facts, do not constitute guarantees of future performance and reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risks and uncertainties include, among others, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability of our capitated contracts, cost of care, seasonality, the Company's ability to obtain additional financing, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov.

SOURCE: Comprehensive Care Corporation

Comprehensive Care Corporation, Tampa 
Darnell Albarado, 813-367-4519 
dalbarado@compcare.com
For full details for CHCR click here.

    


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