Press Release Source: OptimumCare Corporation; IPOdesktop.com
OptimumCare's President of Its Los Angeles-Based Associated Staffing Resources Division Interviewed on Internet Web Radio Program by IPOdesktop.com
Wednesday August 6, 9:00 am ET
LOS ANGELES, August 6, 2003 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring OptimumCare Corporation (OCTBB:OPMC), today interviewed the company's president of its Associated Staffing Resources division, Meryl Stern, about the company's growth in this rapidly expanding part of the company's business strategies.
The show's host, Francis Gaskins, Editor of IPOdesktom.com, interviewed Stern. Listeners may hear the interview by accessing it through Windows Media at http://mmslb.eonstreams.com/gaskins/opmc-8-1.wma
During the interview, Stern notes that healthcare is a rapidly growing segment of the staffing services marketplace, and that she has 30 years' experience in it, a number of which had been spent working with OptimumCare behavioral healthcare programs in Southern California.
She also reports that in her first year of running the company's combined staffing facilities in the Los Angeles area, that their revenues remained even with the prior year, while many competitors saw declines in their revenue base. Staffing resources are offered to acute care hospitals, day treatment, home health, school and foster family programs, she said. Her decision to join OptimumCare, Stern said, was that it ``offered me so much that I didn't feel I could do on my own...they have a good strong balance sheet and good managers.''
The company's acquisition criteria is focused on local staffing programs with a healthcare component in the $1-$3 million revenue level, and that are operating profitably. It has already made three staffing acquisitions, two in the Los Angeles area, with an additional office that has recently opened in Northern California serving the market from San Jose north to Sacramento, and another in Orlando, Florida, which has just opened an office in Jacksonville, Florida as well. All deliver highly qualified nurses and social workers when clients find themselves short of staff.
An earlier interview with Chairman & CEO Edward A. Johnson is also available. Listeners may hear it at http://mmslb.eonstreams.com/gaskins/opmc.wma
Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health services, OptimumCare today provides a wide range of inpatient and outpatient behavioral health services and temporary healthcare staffing services through a network of affiliated hospitals, medical centers, community health centers and staffing agencies. Further information on the company may be found on its website at http://www.optimumcare.com
Certain of the statements made herein constitute forward-looking statements 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, health-care 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.
Source: OptimumCare Corporation; IPOdesktop.com