January 16, 1997 |
The Federal Trade Commission and the California attorney general's office have cleared PacifiCare Health Systems Inc.'s proposed $2.1-billion acquisition of rival managed care company FHP International Inc., officials said Wednesday. The approval comes despite criticism from consumer groups that the merger of the two Orange County-based corporate giants would dominate the Medicare market across Southern California, leading to a decline in health care and a hike in prices.
May 11, 1994 |
The day of reckoning is approaching for executives of FHP International Inc., the Fountain Valley health maintenance organization, and its Northern California competitor, TakeCare Inc. The two companies have announced an ambitious $1-billion plan to merge, creating the third-largest HMO in California and the fifth-largest in the nation. But before the deal can close, shareholders of both companies must weigh in with their votes on whether it should proceed.
October 22, 1993
In what appears to be a power-sharing move, FHP International Inc. said Thursday that it has created an office of the chief executive. The position is to be filled by Westcott W. Price III, the current chief executive of the Fountain Valley-based health maintenance organization, and Mark B. Hacken, a seven-year member of FHP's board of directors.
October 13, 1993 |
FHP International Inc., the nation's largest provider of managed care services to Medicare recipients, said Tuesday that it has signed a consulting contract to help a Missouri competitor start its own elderly care program. The Fountain Valley health maintenance organization would not disclose the value of its contract with GenCare Health Systems Inc. in St. Louis. FHP soon will be sending a team of employees to GenCare headquarters, said FHP spokeswoman Ria Carlson.
April 23, 1992 |
Beating its competition to the marketplace, FHP International Inc. has teamed with a San Diego-based insurance firm to consolidate its customers' medical benefits and workers' compensation bills, company officials said Wednesday. The so-called 24-Hour Managed Care Workers' Compensation product, the first of its kind in the state, is in response to a growing demand by employers to reform the state's burgeoning workers' compensation bill, company officials said.
December 24, 1991 |
Federal health officials have closed an investigation of FHP International's marketing tactics for its senior citizen health plan, saying they found isolated instances of improper sales practices but no systematic violations of federal guidelines, FHP announced Monday. In a letter released by the Fountain Valley-based company, the federal Health Care Financing Administration also said it will allow FHP to expand sales of its senior plan into new territories.