PHP Healthcare Corp.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	203,400	(0.4)
Net Income	9,100	855.9
Rank Last Year: 47

Description:
PHP Healthcare manages health care centers for governments and businesses.

Business Resume: Contact Info -- 11440 Commerce Park Dr. Reston, Va. 20191 703-758-3600 Main Business -- Health care services Founded -- 1975 Chairperson -- Charles P. Reilly President -- Jack M. Mazur (CEO) Employees -- 2,950 D.C.-Area Employees -- 875

Developments:
As the health care industry has shifted to managed care, PHP Healthcare is switching its emphasis from a historic dependence on government contracts to the commercial, private-sector, managed-care market.

Whereas five years ago 99 percent of PHS Healthcare revenue came from government contracts, largely with the military, last year commercial business accounted for $106.9 million, or about 53 percent, of revenue. While the percentage of government business dropped, it still continued to be a revenue producer for PHP, dropping just $20 million to $96.4 million. The company expects government contracts to decline to 40 percent of its business.

In January the company's founder, chairman and chief executive, Charles H. Robbins, retired with a one-time, $2 million payment. He was replaced as chairman by Charles P. Reilly. Jack M. Mazur assumed the title of chief executive as well as president.

PHP reported a profit of $9.1 million last year, a sharp increase from earnings of $952,000 in 1995.