Recently I have become more interested in Comprehensive Care Corporation (OTCPK:CHCR). They are a pharmacy benefit manager headquartered in Tampa Florida and founded in 1969. A couple of things when tied together have me more interested than ever before.
1. CEO Clark A. Marcus has been appointed to the board of directors for Agenda for America. Agenda for America is a group of business, and labor, and non-profit leaders who support affordable health care for all Americans
2. Comprehensive Care Corporation signed a contract with a prominent union labor health care consultant
3. Comprehensive Care Corporation has deployed a nationwide sales force to promote their pharmacy benefit cost savings program of at least a 10% savings, and backed by a performance surety bond.
The combination of these three items leads me to believe that Comprehensive Care Corporation is positioning itself to better compete with Express Scripts (NASDAQ:ESRX) and Catamaran (NASDAQ:CTRX). Also, it appears that Comprehensive Care Corporation may have a good inside track to picking up some new labor union business as evidenced by the signing of Blasters, Drillers, & Miners Local No. 29 and the Utica NY School District.
As of July 2, 2013, Comprehensive Care Corporation's (OTCPK:CHCR) stock is priced at $0.125 per share. This company has some new opportunities which may very well send the stock price much higher.
Disclosure: I am long OTCPK:CHCR.
Additional disclosure: I have no position in ESRX or CTRX and have no intention to initiate any positions within the next 72 hours.