September 4, 1992 |
FHP International Corp. said Thursday that recession-related layoffs in California and a multimillion-dollar settlement of a class-action lawsuit have cut into the health maintenance organization's profits, despite a jump in revenue. "There is no question that the (economic) downturn and unemployment has had a direct effect on us," said Jack Massimino, chief operating officer.
August 22, 1990 |
Hoping to expand its marketing nationwide, FHP Health Care, a health maintenance organization in Fountain Valley, said it has formed a network of 38 regional HMOs to provide medical benefits to employees of large corporations. The first customer to sign up for FHP's network is Xerox Corp., which will offer the plan to approximately 35,000 employees in 25 states this fall, said James Smith, FHP's associate vice president of national sales.
June 26, 1989
San Pedro artist Michael Davis is the winner of a sculpture competition sponsored by FHP Health Care. He will be building an 18-foot work in steel, aluminum, bronze and gold leaf for the health maintenance organization's corporate office in Fountain Valley. The contest, which attracted 65 entrants, was open to any artist who worked or lived in Orange County in 1965-88. The judges were Dextra Frankel, director of the Cal State Fullerton Art Gallery; Kathy Bryant, managing editor of Orange County Magazine; Cynthia MacMullin, director of FHP Hippodrome Gallery in Long Beach, and Dr. Robert Gumbiner, founder of FHP. Davis, whose commissions include a permanent work embedded in the facade of the Laguna Art Museum, will receive $35,000 to design, fabricate and install the sculpture, which will embody the theme "Science and Mankind."