To all: Another setback
Wednesday January 20, 8:31 am Eastern Time
Company Press Release
OptimumCare Postpones Launch of Portland Program
LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Jan. 20, 1999-- OptimumCare Corp. (OTC BB: OPMC) Wednesday announced that it was delaying the launch of its partial hospitalization behavioral healthcare program in Portland, Ore., originally scheduled to be in operation by the end of 1998.
''Along with other behavioral healthcare providers nationwide, we are affected by a backlog of applications for provider numbers that the government is taking longer to process than anticipated,'' said OptimumCare's chairman & chief executive officer, Edward A. Johnson.
Johnson said OptimumCare feels confident that its programs are of the highest caliber. ''We will continue to explore every avenue available to us to launch programs like Portland, as well as others throughout the Western United States,'' Johnson said. ''And we have every confidence that we will be successful in our quest.''
Created in 1987, OptimumCare provides a wide range of inpatient and outpatient behavioral health services through a network of medical centers, hospitals and community mental health centers.
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 |
