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ROBERTSON, STEPHENS MEDICAL CONFERENCE HIGHLIGHTS: Coram

Executive Summary

Coram: Reduction of work force by 250 full-time equivalents concluded on Nov. 30, Coram's new President and CEO Donald Amaral reports Nov. 30. An additional reduction of 115 FTEs is to be completed March 30. The number of Coram home health care branches has been cut back from 318 to 130. Amaral will focus on reducing operation costs and consolidating the six former companies of which Coram is comprised. The company recently restructured the major terms of its debt and was given a new $25 mil. credit line with Chemical Bank. Amaral started at Coram on Oct. 16. He was previously president and chief operating officer at OrNda Healthcorp...
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