IRVINE, Calif., Aug. 6 /PRNewswire/ -- CorVel (Nasdaq: CRVL) announced
today that its Board of Directors has declared a three-for-two stock split of
the Company's Common Stock in the form of a 50% stock dividend. The stock
dividend will be distributed on August 31, 2001 to stockholders of record on
August 17, 2001.
CorVel Corporation (http://www.corvel.com) is a national provider of
leading-edge services and solutions in the field of managed healthcare.
CorVel specializes in applying information technology and e-commerce
applications to improve healthcare management in the workers' compensation,
group health, auto and disability management insurance markets. The Company
provides networks of preferred providers, case management, utilization
management, independent medical evaluations and medical bill review to more
than 1,000 clients through its 3,000 associates and 185 offices in 49 states.
Leveraging its commitment to flexibility and personal service, CorVel delivers
custom solutions for employers, insurers, third party administrators and
government entities.
This press release contains forward-looking statements that are subject to
risks and uncertainties, including the risk that the historical financial
performance of the Company may not be indicative of future financial
performance and the risk that the recent performance of the Company's Common
Stock may not be indicative of its future performance, as well as other risks
detailed from time to time in the Company's SEC reports, including the report
on Form 10-K for the year ended March 31, 2001.
SOURCE CorVel Corporation
Web site: http://www.corvel.com
CONTACT: Richard Schweppe of CorVel Corporation, +1-949-851-1473
