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Pink Sheets: CoreCare Systems Inc. (CRCS) news stock charts

CoreCare Systems Inc. (CRCS/CRCS.PK) Penny Investment Summary:

CoreCare Systems, Inc. operates as a regional health care facility company in the United States. The company, through CoreCare Behavioral Health Management, Inc., doing business as (d/b/a) Kirkbride Center and Westmeade Healthcare, Inc. d/b/a The Blackwell Center for Adolescent, provides acute psychiatric inpatient hospitalization, drug and alcohol rehabilitation services, and adolescent residential treatment services. CoreCare Systems, through its wholly owned subsidiary, Quantum Managed Mental Health, Inc., provides investigative services for the pharmaceutical and contract research organizations in the area of psychiatric and neurological clinical trials. Its real estate leasing activitie...
350 Employees

CORECARE SYSTEMS INC (CRCS:OTC)

LAST $0.15 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/16/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of CORECARE SYSTEMS INC (CRCS)

OPEN
$0.15
PREVIOUS CLOSE
$0.15
DAY HIGH
$0.15
DAY LOW
$0.15
52 WEEK HIGH
03/16/10 - $0.15
52 WEEK LOW
11/17/09 - $0.01
MARKET CAP
2.4M
AVERAGE VOLUME 10 D
12.7K
EPS TTM
--
SHARES OUTSTANDING
15.9M
CRCS Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for CORECARE SYSTEMS INC (CRCS)

CoreCare Systems Inc. Announces Management Changes
01/6/2009

CoreCare Systems Inc. announced that on November 9, 2008, it lost its Founder, Chairman and Chief Executive Officer, Thomas T. Fleming. Mr. Fleming was 81 years of age and was fully engaged in the Company until early November 2008 when he was hospitalized for surgery. At the time of his death Thomas Fleming and the Fleming Family Trust had over $5,700,000 at risk in the Company, consisting of the Company's debt and secured Letters of Credit, as well as guaranties of other Company liabilities. Due to Mr. Fleming's advancing age the Board of Directors had previously established a succession plan in the event of his death or disability. The succession plan was affected on a temporary basis on November 3, 2008 in anticipation of Mr. Fleming's surgery and became permanent immediately upon his death on November 9, 2008. The succession plan appointed, George Stasen as Chairman of the Board of Directors, Rose S. DiOttavio as President, Chief Executive Officer. Ms. DiOttavio will continue as a member of the Board of Directors, John Fleming, son of Thomas Fleming, a Director of the Company. Mr. Fleming was also appointed Property Manager, which is not an executive office. John Fleming fills a Board seat left vacant by his father's death. On December 4, 2008 the Board of Directors appointed Christopher Fleming, son of Thomas Fleming and brother of John Fleming, as an additional Director. Christopher Fleming has significant expertise in real estate development and project financings, and has consulted with the Company in its previous real estate dealings. Chris Fleming will fill a Board seat that had been vacant since 2002. Mr. Stasen has served historically as a member of the Board. He is General Partner of Mentor Special Situation Fund. Mentor invested in CoreCare Systems Inc. in 1996 and is a significant debtholder, holding over $1,700,000 of the Company's obligations. Ms. DiOttavio has served historically as President, Chief Operating Officer and a member of the Board of Directors. Ms. DiOttavio also holds over $1.5 Million of the Company's debt and has beneficial ownership in the Company of approximately 10.5%.

CoreCare Systems Inc. financial resources

otc, otcbb, pinksheet, CRCS, ob CoreCare Systems Inc.

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CRCS

CRCS transactions

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Date		 Target
No transactions in the last 6 months.

Pink Sheets: More Recent Financial News About CoreCare Systems Inc.

CORECARE SYSTEMS INC Files SEC form 8-K, Other Events

2009-11-30 05:16:38
Quote: ITEM 8 :OTHER EVENTS On September 10, 2008 CoreCare Systems, Inc. subsidiary, Westmeade Healthcare, Inc. (Westmeade), was sued by Alternative Behavioral Services, Inc. (ABS) a company owned by Psychiatric Solutions, Inc. (PSI) in the United States District Court for the Eastern District of Pennsylvania for approximately $996,000. On January 12, 2009 Westmeade Healthcare, Inc. filed counter claims against ABS for $2,134,000. Westmeade executed a clinical management contract with ABS effective No...
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CORECARE SYSTEMS INC Files SEC form 8-K, Change in Directors or Principal Officers, Entry into a Material Definitive

2009-11-30 05:16:38
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 9, 2008 CoreCare Systems, Inc. lost its Founder, Chairman and Chief Executive Officer, Thomas T. Fleming. Mr. Fleming was 81 years of age and was fully engaged in the Company until early November 2008 when he was hospitalized for surgery. At the time of his death Thomas Fleming and the Fleming Family Trust had over $5,700,000 ...
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