This is the latest in Seeking Alpha's series of interviews with leading companies of interest to our readers. Ours are interviews with a twist: the respondent has agreed to answer questions and respond to comments not from a single interviewer, but rather from our community of readers and contributors.
This interactive Q&A is with Bruce Shear, President and CEO of Pioneer Behavioral Health (NYSEMKT:PHC) or PHC, Inc. PHC is a national healthcare company. PHC operates companies that provide inpatient and outpatient behavioral health care services, clinical research and Internet- and telephonic-based referral services. The companies contract with national insurance companies, government payors, and major transportation and gaming companies, among others, to provide such services. For more information, please visit www.phc-inc.com. (See the latest PHC earnings call transcript and Roth Conference presentation transcript for more background on the company.)
PHC, Inc. has sponsored this interview, which works like this:
- Bruce briefly introduces himself and the issues he's focused on below.
- Readers and contributors can immediately start to post questions and remarks using the comment box below (Note: you need to sign up for free registration and be logged in to do so).
- Seeking Alpha editors will not filter or edit the questions and comments from readers, except to delete profane or hostile language.
- Bruce will respond to the questions and remarks beginning Monday, June 18th. Readers can track his answers and respond to them during that period.
Yahoo Finance readers may join the Q&A by following this link.
Over to Bruce:
• • •
Greetings and welcome. I’m Bruce Shear, CEO of Pioneer Behavioral Health (PHC).
I want to thank Seeking Alpha for providing this valuable opportunity to interact directly with current and potential shareholders and answer your questions.
The last year has been exciting for Pioneer as we prepare for our next phase of growth. During fiscal 2007, we have earned a listing on the American Stock Exchange, announced the largest contracts ever for two of our operating segments, and moved ahead with our plans to open a free-standing psychiatric and chemical dependency hospital near the rapidly growing city of Las Vegas.
Pioneer Behavioral Health is a national healthcare Company. We provide behavioral health services and products through contracts with government agencies, national insurance companies, as well as major transportation and gaming companies. We are incorporated under the name PHC, Inc. and are doing business as “Pioneer Behavioral Health.”
We operate three complementary business operating units:
Hospital and clinical services, including a significant facility at the Detroit Medical Center and soon our hospital in Henderson, Nevada. Integrated delivery services, including smoking-cessation and critical incident services programs and Employee Assistance Programs for corporations, including 21 separate hotel and casino properties in Las Vegas, and Clinical research through our Pivotal Research Centers subsidiary, where we contract with some of the largest pharmaceutical companies and perform clinical studies with a specialty in medications designed for conditions of the central nervous system. We have completed over 450 research studies in over 20 indications and are a recognized leader in this area.
Our mission is to help people gain and maintain physical, spiritual and emotional health.
I look forward to elaborating on our role and improving competitive position and look forward to your questions.
Please leave your questions by using the comment box below.
This Q&A represents the opinion of PHC, Inc. management and is not intended to be a forecast of future events, a guarantee of future results nor investment advice. Except for the statements of historical fact, information presented herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships and other factors over which PHC, Inc. has little or no control. PHC, Inc. assumes no obligation to publicly update or revise any forward-looking statements provided in this Q&A, or to correct any erroneous information presented in any investor questions herein.