Pages

Custom Search

Search Mad Money Fund Blog

Are You Buying Jim Cramer's Get Rich Carefully Book ?

Share Stock Picks

Sunday, June 26, 2011

I have a buy rating on Integrated Healthcare Holdings (Public, OTC:IHCH) Monthly Penny Stock to buy ?

Integrated Healthcare Holdings, Inc. (Public, OTC:IHCH) Watch this stock Find more results for Integrated Healthcare (IHCH) IHCH 0.0800 255.56%


Invest in Penny Stocks: A Guide to Profitable Trading



0.0800

+0.0575 (255.56%)

After Hours: 0.0800 0.0000 (0.00%)

Jun 24, 4:00PM EDT

OTC data delayed by 15 mins - Disclaimer

Currency in USDRange 0.03 - 0.
IHHI sued Shah and OCPIN last May for breach of fiduciary duty, among other things. IHHI's lawsuit contends that Shah and OCPIN held up the critically needed refinancing to force IHHI to make disputed lease payments to a third company owned by an OCPIN affiliate and others. Judge Gregory H. Lewis of the Orange County Superior Court appointed Jameson after rejecting a competing request by Shah and OCPIN to force IHHI's management to call a special shareholders' meeting. Shah and OCPIN wanted the special shareholders' meeting to elect their own director. Shah and OCPIN opposed Judge Lewis' appointment of a provisional director.Integrated Healthcare Holdings, Inc. (IHHI) is a physician-owned company that operates four hospital facilities in Orange County, California (referred to as the Hospitals). The Hospitals operated by the Company include 282-bed Western Medical Center in Santa Ana; the 188-bed Western Medical Center in Anaheim; the 178-bed Coastal Communities Hospital in Santa Ana, and the 114-bed Chapman Medical Center in Orange.




In denying Shah and OCPIN's request, and in appointing Judge Jameson to serve as a "verifiably independent" provisional director, Judge Lewis explained he was acting as "the conscience of the community" to ensure continued operation of four Orange County hospitals owned and operated by IHHI. "Judge Lewis acted courageously," remarked IHHI attorney David A. Robinson of the Irvine-based Enterprise Counsel Group. "Although acknowledging the law normally would entitle Shah and OCPIN to hold a meeting to elect their own director, Judge Lewis recognized the conflicting financial interests at work and acted to prevent a potential public healthcare disaster. He agreed with IHHI's management that IHHI's Board should be controlled by individuals with only the interests of four hospitals and the public they serve in mind."



"This is precisely the result we were looking for when we filed the lawsuit against Shah and OCPIN," said IHHI's President Larry Anderson. "Shah's self-serving tactics have put four hospitals at risk. They have caused IHHI to default on its existing loan obligations. We look to Judge Jameson to work with IHHI's other independent Board members to implement steps necessary to ensure IHHI's future stability and success". Per IHHI CEO, Bruce Mogel: "We praise the judge's courage in standing up for healthcare in Orange County. This decision will provide much needed stability benefiting the healthcare delivery system in Orange County and surrounding areas."



There were 137,095,716 shares outstanding of the registrant's common stock as of July 3, 2007.



A/S is 250,000,000



Integrated Healthcare Holdings, Inc. is a predominantly physician owned

company that, on March 8, 2005, acquired and began operating the following four

hospital facilities in Orange County, California (referred to as the

"Hospitals"):



o 282-bed Western Medical Center in Santa Ana;

o 188-bed Western Medical Center in Anaheim;

o 178-bed Coastal Communities Hospital in Santa Ana; and

o 114-bed Chapman Medical Center in Orange.



Together we believe that the Hospitals represent approximately 12.7% of all hospital beds in Orange County, California (based on the most recent data on the Office of Statewide Health Planning and Development for California web site as of April 23, 2007)







4th Q results.

IHCH - That was a huge 4th q. If that is indicative of future q's then we are sitting on a goldmine here.



$183,481,000 in 4th q revs and eps of .10. DAMN!



Compare that to past q's.



http://www.nasdaq.com/aspx/revenueepssummary.aspx?symbol=IHCH&selected=IHCH
 
List of 4 owned and operated hospitals in CA




Western Medical Center - Santa Ana - HomeWestern Medical Center Santa Ana is an acute care hospital designated as a Level II trauma center and centrally located in the heart of Orange County. ...

www.westernmedicalcenter.com/ - Cached - Similar 1001 North Tustin Avenue

Santa Ana, CA 92705-3502

(714) 953-3500Bus: Tustin-Wellington



Coastal Community Hospital - HomeWe are also the first hospital in Orange County treating gastroparesis with a gastric implant pacemaker. Coastal Communities Hospital is dedicated to become ...

How To Make Money Trading Penny Stocks

Careers - Contact Us - Our Physicians - Medical Records

www.coastalcommhospital.com/ - Cached - Similar 2701 South Bristol Street

Santa Ana, CA 92704

(714) 754-5454Bus: Bristol-Hemlock



Chapman Medical Center - HomePositive Achievement Center - Chemical Dependency Services ... that we're accepting Blue Shield of California health plan members as of October 1, 2009. ... We serve the communities of Orange County, Los Angeles, Riverside, San Diego, ...



Careers - Contact Us - Phone Directory - Maps & Directions

www.chapmanmedicalcenter.com/ - Cached - Similar 2601 East Chapman Avenue

Orange, CA 92869-3206

(714) 633-0011Bus: Chapman-Yorba



Western Medical Center - Anaheim - HomeWelcome to the Western Medical Center Anaheim website. This site has been designed to provide useful information about our hospital and the comprehensive ...

www.westernmedanaheim.com/ - Cached - Similar 1025 South Anaheim Blvd.

Anaheim, California 92805

(714) 563-2881Bus: Anaheim-Lorrai
 
The Company had approximately 3,120 employees. they own and operate 4 hospitals, over 1700 Dr's, over 2700 employees.




Net income for last year $20M
I have been in this stock for over two years.I purchased my first shares for .15. I did not sale one share on Friday.I am hoping for a Press release on Monday because news of IHCH turn around should increase the share price. Also, if the share price continue to move up and remain up Dr. Chaudhuri will have to pay shareholders more for their shares, if he is able to take the company private.
 
From HCA Holdings, Incs 10k filed Feb 10, 2011 traded on NYSE:






Quote:

--------------------------------------------------------------------------------

We are exposed to market risk related to market illiquidity.

--------------------------------------------------------------------------------









Quote:

--------------------------------------------------------------------------------Wizetrade Stocks

We may be required to recognize other-than-temporary impairments on these long-term investments in future periods should issuers default on interest payments or should the fair market valuations of the securities deteriorate due to ratings downgrades or other issue specific factors.

--------------------------------------------------------------------------------









Quote:

--------------------------------------------------------------------------------The Penny Stock Trading System - Discover Experienced Traders Secret Strategies & Profit from Penny Stock Trading!

approximately $3.037 billion of long-term debt at December 31, 2010 was subject to variable rates of interest, while the remaining balance in long-term debt of $25.188 billion at December 31, 2010 was subject to fixed rates of interest.

--------------------------------------------------------------------------------









Quote:

--------------------------------------------------------------------------------

We operate in a highly regulated and litigious industry. As a result, various lawsuits, claims and legal and regulatory proceedings have been and can be expected to be instituted or asserted against us. The resolution of any such lawsuits, claims or legal and regulatory proceedings could materially and adversely affect our results of operations and financial position in a given period.

--------------------------------------------------------------------------------









Quote:

--------------------------------------------------------------------------------

As of December 31st 2010, the company had a net income of $1 billion

--------------------------------------------------------------------------------







Same found in Tenet Healthcare (THC), Healthsouth Corp (HLS), and just about every other healthcare holdings stock in the world.

IHHI aspires to always meet the medical needs of each and every patient entrusted to our care with compassion and with the best expertise that medical knowledge can provide.

You would think the bashers would send somebody intelligent. Anybody can cut a paste a sentence and make it look bad. All the best. IHCH

Post a Comment