March 24, 1998 |
Optimumcare Corp. said Monday it will repurchase up to 500,000 shares in the open market during the next 18 months, beginning on or after April 1. A Optimumcare spokesman said the company will retire the shares. Optimumcare provides inpatient and outpatient behavioral health services.
May 9, 1996
OptimumCare Corp. said it has signed a three-year agreement to manage a partial-hospitalization program, Friendship Community Mental Health Center, which serves the greater Phoenix metropolitan area. The program is designed for patients who do not need to be in a hospital but require more than outpatient visits with a mental health professional.
December 7, 1995
OptimumCare Corp., which develops mental health care delivery systems, said net income dropped 28% in the third quarter while revenue climbed 7%. The company posted net income of $89,179, or 2 cents a share, in the quarter, down from $123,013, or 2 cents a share, for the like period last year. Revenue rose to $1.5 million from $1.4 million. Nine-month profit declined 29% to $302,950, or 6 cents a share, from $425,849, or 8 cents a share, for the 1994 period. Revenue increased 5% to $4.
September 9, 1998 |
OptimumCare Corp. said Tuesday that it had repurchased 500,000 shares of its stock in open market transactions over the past four months and that it intended to repurchase up to 500,000 more shares in the open market at prevailing prices over the next 12 months. The Laguna Niguel company's board authorized the additional repurchases "because the fundamentals of our company continue to be far stronger than the current range at which our stock is being traded," said Edward A.