|
|
|
OptiCare Denies Money Woes
|
Business New Haven
8/21/2000
By: BNH
|
WATERBURY - The CEO of OptiCare Health Systems Inc. has denied that his company is in trouble - despite a pending statewide investigation into unpaid claims, recent layoffs and the loss of a sizable contract with Anthem Blue Cross & Blue Shield.
According to published reports, OptiCare head Dean Yimoyines expressed disappointment his company would lose the Anthem deal, which represented more than 250,000 Connecticut customers, but that OptiCare still had some 30 managed-care contracts to provide vision care to more than five million consumers nationwide.
The firm, which remains one of the largest managed-care vision companies in the nation, also laid off 14 workers earlier this month out of a total workforce of about 900.
The office of state Attorney General Richard Blumenthal said earlier it was investigating reports from across the state that OptiCare had failed to pay hundreds of thousands of dollars in claims submitted by physicians over the past 24 months.
OptiCare went public last November at $12.13 per share. However, its stock has not been above $3 since M
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
