May 22, 1998 |
Shares of San Diego-based FPA Medical Management Inc. soared 63% on hopes that the company will return to profitability as Santa Ana-based PacifiCare Health Systems Inc. agreed to pay more to FPA to care for its HMO members. PacifiCare agreed to boost the percentage of member premiums it gives FPA for its patients in Nevada, effective in the third quarter, according to FPA, which did not disclose the size of the increase.
May 21, 1998 |
FPA Medical Management, a onetime Wall Street darling hailed for its rapid growth and once-soaring stock price, continued a descent Wednesday that is proving to be even faster than its climb--and which could cause headaches for hundreds of thousands of Californians.
February 13, 1998 |
One of California's biggest managed-care companies is facing opposition that packs the fury of a New England nor'easter as it attempts to crack one of the nation's most important--but tradition-minded--medical markets. A prominent group of Harvard doctors adamantly opposed to free-market medicine has turned its wrath on FPA Medical Management Inc., a San Diego-based firm that manages hundreds of physician practices in California and is expanding in Boston and other East Coast cities.
January 23, 1998 |
Moving to gain a foothold in Orange County, FPA Medical Management Inc., the giant San Diego company that manages medical practices, said it will buy a large doctors organization that serves St. Joseph Hospital. FPA said it will purchase Orange Coast Managed Care Services Inc., a privately held Orange-based manager of two local doctors groups, through a stock swap. The two organizations include the St.
January 23, 1998
Moving to gain a foothold in Orange County, FPA Medical Management Inc., the giant San Diego company that manages medical practices, said it will buy a large doctors organization that serves St. Joseph Hospital in Orange. FPA said it will purchase Orange Coast Managed Care Services Inc., a privately held manager of two local doctors groups, in a stock swap. They include the St. Joseph Medical Group, which employs 50 physicians, and a separate association of 570 physicians.
December 11, 1997 |
FPA Medical Management Inc. said Oxford Health Plans Inc., which is facing problems with billings, is current in all of its prepayments to FPA. Responding to investor questions about its exposure to the Norwalk, Conn.-based health maintenance organization, San Diego-based FPA said it has a customized process to receive paid claims information from Oxford. FPA's shares fell $2.13 to close at $19.88 on Nasdaq.
July 10, 1997 |
Healthsource Inc. agreed to let some of its members use San Diego-based FPA Medical Management Inc.'s pool of doctors under a seven-year agreement between the companies, FPA said. Under the accord, Healthsource would allow its 188,000 members in New Jersey, South Carolina and Texas to see FPA doctors, FPA said. Hooksett, N.H.-based Healthsource agreed in February to be acquired by insurer Cigna Corp. for $1.7 billion in cash and assumed debt.
July 3, 1997 |
FPA Medical Management Inc. agreed to buy closely held Health Partners Inc. for $115 million in stock, a move that would give FPA physician practices in several new states, including Ohio, Kentucky and Virginia, and the District of Columbia. It would also bolster FPA's presence in New Jersey, New York and Texas, the company said. Norwalk, Conn.-based Health Partners is a physician-practice management company with a network of 418 doctors.
June 24, 1997 |
Aetna Inc.'s managed-care unit said it will let members of its health plans use FPA Medical Management Inc.'s pool of doctors under a 10-year agreement. Financial terms weren't disclosed. The contract will initially cover 12 states in which San Diego-based FPA has affiliated physicians, including California. FPA also expects to enter the New York market soon, the companies said. FPA's doctors in California serve about 7,000 Aetna U.S.
June 7, 1997 |
FPA Medical Management Inc. agreed to buy closely held HealthCap Inc. of San Diego in a stock swap that analysts valued at about $47 million. Under the agreement, the third-largest physician-practice management firm will issue 2.1 million shares, analysts said. The firm's stock rose 62.5 cents to close at $22.25 on Nasdaq. FPA, also based in San Diego, said the agreement would add 2,100 doctors in five states.