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Comprehensive Care Corporation Implements Steps to Increase Margins and Sustain Profitability
Date:5/30/2012

TAMPA, Florida, May 30, 2012 /PRNewswire/ -- Comprehensive Care Corporation ("CompCare") (OTC BB: CHCR), a leading behavioral health, substance abuse and psychotropic pharmacy management services provider for managed care companies throughout the U.S., today announced that it has undertaken significant steps that it believes will further reduce its overhead as part of a continuing program to increase margins and obtain sustainable profitability.

"Starting the process in the first quarter of this year, the Company thus far has reduced its monthly general and administrative expenses by approximately 12 percent. We expect to be able to implement further cost-saving measures over the coming months," said Robert Kulbick, President.

"As our pharmacy management program gains traction, we anticipate additional organic growth with higher profit margins.  We believe our program is the only one in the industry that provides a guarantee for our clients' future pharmacy spend at a rate less than their previous years' expenditures," said Mr. Kulbick.

"While our emphasis for the rest of this year will be on sales of our pharmacy management program, our pipeline for our behavioral health business also remains strong.  We intend to be disciplined with each dollar spent in pursuing a viable business strategy, with each expenditure carefully weighed, which we expect to lead to positive results," Mr. Kulbick concluded.

About CompCare:

Established in 1969, CompCare provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the United States. 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. The Company's recently filed 10-Q is available at <
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SOURCE Comprehensive Care Corporation
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