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BUSINESS
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.
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BUSINESS
January 8, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
A major shareholder of PacifiCare Health Systems Inc. accused the company Wednesday of bungling its acquisition of FHP International Inc. and called for prompt steps to increase shareholder value. Franklin Mutual Advisers Inc., an investment firm run by the vocal Michael Price, said in a filing with the Securities and Exchange Commission that "absent aggressive and immediate action" by the company, "shareholders will continue to suffer."
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BUSINESS
May 11, 1994 | James M. Gomez, Times staff writer
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.
BUSINESS
January 16, 1997 | BARBARA MARSH, TIMES STAFF WRITER
The Federal Trade Commission and the California attorney general's office have cleared PacifiCare Health Systems Inc.'s proposed acquisition of rival managed-care company FHP International Inc., officials said Wednesday. The approval comes despite criticism from consumer groups that the combined company would dominate the Medicare market across Southern California, leading to a decline in health care and a hike in prices.
BUSINESS
October 13, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
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.
BUSINESS
January 16, 1997 | BARBARA MARSH, TIMES STAFF WRITER
The Federal Trade Commission and the California attorney general's office have cleared PacifiCare Health Systems Inc.'s proposed acquisition of rival managed-care company FHP International Inc., officials said Wednesday. The approval comes despite criticism from consumer groups that the combined company would dominate the Medicare market across Southern California, leading to a decline in health care and a hike in prices.
BUSINESS
January 16, 1997 | BARBARA MARSH, TIMES STAFF WRITER
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.
BUSINESS
January 8, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
A major shareholder of PacifiCare Health Systems Inc. accused the company Wednesday of bungling its acquisition of FHP International Inc. and called for prompt steps to increase shareholder value. Franklin Mutual Advisers Inc., an investment firm run by the vocal Michael Price, said in a filing with the Securities and Exchange Commission that "absent aggressive and immediate action" by the company, "shareholders will continue to suffer."
BUSINESS
April 23, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
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.
BUSINESS
December 24, 1991 | SONNI EFRON, TIMES STAFF WRITER
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.
BUSINESS
January 16, 1997 | BARBARA MARSH, TIMES STAFF WRITER
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.
BUSINESS
May 11, 1994 | James M. Gomez, Times staff writer
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.
BUSINESS
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.
BUSINESS
October 13, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
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.
BUSINESS
April 23, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
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.
BUSINESS
December 24, 1991 | SONNI EFRON, TIMES STAFF WRITER
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.
ENTERTAINMENT
March 17, 1989 | CATHY CURTIS
FHP Inc., a health maintenance organization based in Fountain Valley, has announced four finalists in its competition for an outdoor sculpture at corporate headquarters. Michael Davis of San Pedro, Robert Ellison of Penngrove in Northern California, Doug Moran of Santa Ana and Bret Price of Orange were each awarded $500 for submitting working drawings and scale models of their proposed pieces.
BUSINESS
October 10, 1990
FHP Inc., the Fountain Valley-based health maintenance organization, said it has acquired a 99-bed skilled-nursing facility in Norwalk. Jack Massimino, senior vice president at FHP, said FHP will lease the facility that was formerly operated at a loss by Life Care Centers America, a health-care organization based in Tennessee. No financial terms were disclosed. FHP said it plans to invest $500,000 to renovate the facility.
BUSINESS
October 10, 1990
FHP Inc., the Fountain Valley-based health maintenance organization, said it has acquired a 99-bed skilled-nursing facility in Norwalk. Jack Massimino, senior vice president at FHP, said FHP will lease the facility that was formerly operated at a loss by Life Care Centers America, a health-care organization based in Tennessee. No financial terms were disclosed. FHP said it plans to invest $500,000 to renovate the facility.
ENTERTAINMENT
March 17, 1989 | CATHY CURTIS
FHP Inc., a health maintenance organization based in Fountain Valley, has announced four finalists in its competition for an outdoor sculpture at corporate headquarters. Michael Davis of San Pedro, Robert Ellison of Penngrove in Northern California, Doug Moran of Santa Ana and Bret Price of Orange were each awarded $500 for submitting working drawings and scale models of their proposed pieces.
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