Optimumcare Corporation - OPMC- Profile

OptimumCare Corporation. The Group's principal activity is to develop, market and manage hospital-based programs for the treatment of psychiatric disorders. The Group has two segments: Contract Management segment and Temporary Healthcare Staffing segment. The Contract Management segment develops, markets and operates contract programs for behavioral health facilities. The Group presently has four contracts with three hospitals: one inpatient contract, two partial hospitalization contracts and one management and marketing contract. The Temporary Healthcare staffing segment negotiates with hospitals and other healthcare providers on a site and job specific basis to provide skilled temporary workers. The Group acquired Heartline Inc on 03-Sep-2003 and Friendship Community Mental Health Center Inc on 12-Feb-2004. During 2003, the Group discontinued the operations of OptimumCare Staffing. Temporary Staffing accounted for 58% of 2003 gross revenues and Psychiatric Programs, 42%