May 20, 1992 |
US Facilities Corp., a medical insurance company specializing in stop-loss coverage, said Tuesday that it has formed a subsidiary in Illinois that will review medical bills to control medical costs. Subsidiary US MedCare Review, based in Oakbrook, Ill., began operating on Monday, company spokesman Jose Velasco said. It was formed after the parent company bought "a substantial majority" of assets from CareMax Inc., also based in Oakbrook, he said. Terms of the buyout were not available.