February 4, 1994 |
FHP International Corp., holding a line on costs while adding new members to its health maintenance organization, said Thursday that its second-quarter earnings rose 66% to $10.3 million, or 31 cents a share. This compares to net income of $6.2 million, or 19 cents a share, for the previous year's second quarter. Revenue grew 27% for the three-month period ended Dec. 31 to $591.1 million.
September 7, 1989 |
FHP International Corp., a Fountain Valley-based health maintenance organization, reported strong earnings growth Wednesday for fiscal 1989 and the fourth quarter ended June 30, largely on the strength of growing membership, higher rates and containment of costs. The company reported net income of $7.7 million for its fourth quarter, up 26.2% from $6.1 million for the same period a year ago. FHP's revenue for the fourth quarter ended June 30 increased 37% to $199.3 million from $145.
June 23, 1995 |
A frustrated Dr. Robert Gumbiner, watching his innovative structure being dismantled at FHP International Corp., resigned Thursday from the board of the Fountain Valley health maintenance organization. Gumbiner, who only a week ago had been bumped up to chairman emeritus from chairman, said in a prepared statement that the "recent direction taken by the board and management lead me to question the wisdom of the company's long-term strategy."
January 29, 1987 |
FHP International Corp. said net earnings during its fiscal 1987 second quarter, ended Dec. 31, rose 43% to a record $3 million from $2.1 million a year earlier. The Fountain Valley holding company for the FHP prepaid health plan said quarterly revenues increased 42%, to $90.2 million, from $63.4 million during the year-ago period. For the first half of its 1987 fiscal year, FHP said, net earnings increased 45% to a record $5.8 million from $4 million during the prior year's first half.
November 4, 1990 |
The short, bearded man in a gray, double-breasted suit walked swiftly through a Long Beach medical clinic, pivoting often to point out cosmetic flaws that might mar the image of the health-care organization he spent a lifetime building. The clinic's young managers obediently took notes as Dr. Robert Gumbiner pointed scornfully to some tattered telephone directories, wheelchairs that obstructed a hallway and two pictures hung askew in a waiting room.
October 11, 1989 |
FHP International Corp. said its directors have approved a 2-for-1 split of the company's outstanding common stock. The split will require an increase in the authorized number of common shares, subject to the approval of shareholders at the annual meeting on Nov. 16.