LAGUNA NIGUEL, Calif., Sept. 5, 2003 (PRIMEZONE) -- OptimumCare Corporation (OTCBB:OPMC) today announced that it has suspended operations at its Orlando-area medical staffing services agency, and would also be suspending operations at a similar satellite facility in Jacksonville in the coming weeks.
The company said that since its acquisition of the facility that its weekly revenues had declined by more than 60%, and it had ordered the facility's operations to be suspended immediately. OptimumCare said it hopes to negotiate a sale of the agency, but said if such a development was not forthcoming in a reasonable time frame that the operation would be permanently closed.
Created in 1987, OptimumCare Corporation provides healthcare services in two industry segments. The behavioral health contract segment provides management teams to client hospitals and medical centers on a long-term contract basis to run inpatient and outpatient behavioral health services. The temporary healthcare staffing segment provides temporary skilled nurses, social workers and other professionals to a broad base of medical and healthcare client sites.
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, 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.