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Comprehensive Care Corporation Signs Agreement With A National Leader In Pharmacy Benefit Management
Date:7/30/2013

believes that the signing of its latest PBM Agreement completes the development of its 4PVNTM, positioning CompCare to offer its clients, and potential clients, the right PBM to service the client's membership through CompCare and make possible the guaranteed savings.   

As a result of the signing of this agreement, the implementation procedure needed to initiate Local 29's new pharmacy program by year end has already commenced.  The Company anticipates commencing implementation of similar union and/or municipality programs during Q3 and Q4 of this year.

The U.S. pharmacy benefit market has an annual prescription drug spend of approximately $325 billion.  Management believes that given the uniqueness of its program, the quality of its sales force and its ability to attract clients by guaranteeing its performance at substantial savings off their prior year's drug spend, it will be able to penetrate a reasonable segment of the overall market within the next 24 months.

About Comprehensive Care Corporation

Established in 1969, CompCare provides behavioral health, substance abuse and pharmacy management services for employers, Taft-Hartley health and welfare Funds, managed care companies, third party administrators, and union–sponsored benefit plans throughout the United States.  Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches that address both the specific needs of clients and changing healthcare industry demands.  For more information, please call 813-288-4808 or visit our website at www.compcare.com

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litig
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SOURCE Comprehensive Care Corporation
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