Daily News: October 28, 2013

TCA Extends Comprehensive Care Facility

Comprehensive Care announced it extended its $5 million senior secured credit facility with TCA Global Credit Master Fund (TCA) for an additional six-month period.

Ramon Martinez, president of CompCare Pharmacy Solutions, stated, “We are very proud and excited about CompCare’s current market position. We believe CompCare is in a strong position to capture an important segment of the pharmacy market share, and we anticipate being able to monetize CompCare’s efforts by Q1 of 2014. We believe that our making TCA aware of our market position in pharmacy was instrumental in having TCA further extend to CompCare the term of its Credit Facility. TCA has expressed to us its appreciation of the efforts we have expended to grow our business, and that it hopes to continue working with and helping us to achieve our corporate goals.”

Headquartered in Tampa, FL-CompCare provides behavioral health, substance abuse and pharmacy management services for employers, Taft-Hartley health and welfare funds and managed care companies throughout the U.S.