December 23, 1992
Health-care company Admar Group Inc. lost $210,000, or 3 cents a share, for its third fiscal quarter, contrasted with a profit of $72,000, or slightly less than 1 cent a share, for the same period a year earlier. Revenue for the quarter ended Oct. 31 was up 38%, to $3.3 million from $2.4 million. The company attributed the revenue increase partly to acquisitions made in September and October.
March 3, 1994 |
The Admar Group Inc. said it has earned about $100,000 so far on a contract with a large New York insurance company to negotiate and manage discounted hospital fees on its behalf. The Santa Ana developer and marketer of managed health care programs said Wednesday that its open-ended deal with New York Life Insurance Co., signed last July, has led to decreases in hospital costs for about 200,000 New York Life members.
July 29, 1992
Med Network, the preferred provider organization of Admar Corp., said Tuesday that it has added hospital and physician networks in 15 states. Benetta Rapier, director of network operations for the Santa Ana-based managed health-care corporation, said the expansion is a "result of Admar's desire to meet the needs of current clients, and is in keeping with its commitment toward the development of a national managed care system."
October 26, 1992
Nature of business: Develops, markets and administers medical cost-containment services. Total employees: 258 In Orange County: 201 Stock listing in The Times: On NASDAQ as "Admar" Ticker symbol: "ADMR" Friday's stock close: $2.75 Change: Up $0.25 Analyst Review: "I think Admar's strength lies in the growing national concern about rising health care costs, and efforts to contain them. More specifically, its strength is in its management. Its association with Humana is significant.
January 15, 1987
The Admar Group Inc., an Orange-based health care company, said TPA of America Inc. has paid $1.5 million for 14.3%--or 5.3 million shares--of its common stock. Los Angeles-based TPA said it bought the shares for investment purposes only. TPA markets administrative services to employee benefit plans. The cash transaction appears to make TPA Admar's largest outside shareholder, said Roger Lightholder, Admar's vice president and general counsel. Admar, which had revenue of $2.