PHP Healthcare Corporation Awarded Contract by U.S. Navy

Strategic Insights -

PHP Healthcare Corporation, a full-service managed care organization with 20 years of experience, has been awarded a contract by the U.S. Navy to provide emergency room and primary care services at the Naval Hospital in Millington, Tennessee, under a five-year agreement. The initial annual value of the contract is $3.2 million, with an aggregate value of $16.5 million if all options are exercised. This contract further demonstrates PHP Healthcare's commitment to providing government health care services, which generated $101.4 million in revenue for the company in fiscal 1995.

Key Takeaways:

  • PHP Healthcare Corporation has been awarded a five-year contract by the U.S. Navy to provide emergency room and primary care services at the Naval Hospital in Millington, Tennessee.
  • The initial annual value of the contract is $3.2 million, with an aggregate value of $16.5 million if all options are exercised.
  • This contract represents PHP Healthcare's continued commitment to providing government health care services, which generated $101.4 million in revenue for the company in fiscal 1995.
  • PHP Healthcare has 20 years of experience in developing innovative health care delivery systems for public agencies, corporations, communities, and large population centers.
  • The company currently operates more than 70 health care projects in 28 states, providing health care to over 1.6 million people annually.
  • PHP Healthcare has over 4,000 health care professionals and staff members, making it a significant player in the managed care industry.
  • Charles H. Robbins, Chairman and CEO of PHP Healthcare, announced the contract award, highlighting the company's ability to provide high-quality health care services to government agencies.

Statistics:

  • $3.2 million: Initial annual value of the contract
  • $16.5 million: Aggregate value of the contract with all options exercised
  • 20 years: PHP Healthcare's experience in developing innovative health care delivery systems
  • 70: Number of health care projects currently operated by PHP Healthcare in 28 states
  • 1.6 million: Number of people receiving health care services annually through PHP Healthcare's programs
  • 4,000: Number of health care professionals and staff members employed by PHP Healthcare
  • $101.4 million: Revenue generated by PHP Healthcare's government health care services in fiscal 1995

Sources:

  • /CONTACT: Charles H. Robbins, chairman and CEO, or Mary Lou Schropp, corporate communications, of PHP Healthcare, 703-758-3600/
  • PRNewswire, "PHP Healthcare Corporation (NYSE: PPH) was awarded a contract by the U.S. Navy to provide emergency room and primary care, (ER/PCC) services at the Naval Hospital in Millington, Tennessee, under a five-year contract" (December 22, 1995)