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BUSINESS
May 22, 1990 | Leslie Berkman, Times staff writer
PacifiCare Health Systems Inc., a cash-rich health maintenance organization eager to buy smaller companies in the same business, has stumbled twice on the acquisition trail. Recently rebuffed in its attempt to buy bankrupt Maxicare Health Plans, Cypress-based PacifiCare also lost out on its bid to buy Oakland-based HEALS Health Plan, a financially troubled HMO that had been courting suitors for a year.
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BUSINESS
September 22, 1990 | LINDA DARNELL WILLIAMS, TIMES STAFF WRITER
BankAmerica Corp. said Friday that next year it will offer access to only six of the 15 health maintenance organizations now included in its health-care plan for California-based employees. The San Francisco-based bank holding company's decision follows similar actions taken by other large California employers who are drastically cutting the number of HMO options offered employees.
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BUSINESS
May 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Eager to expand into Northern California, PacifiCare Health Systems Inc. said Wednesday that it is considering making an offer to buy Oakland-based HEALS Health Plan, a cash-strapped health maintenance organization with 96,000 members that has been courting suitors for months. Privately held HEALS would not comment directly on negotiations with PacifiCare, but Wayne Lowell, chief financial officer of PacifiCare, said: "We are very interested. We have had quite a few visits with them."
BUSINESS
May 22, 1990 | Leslie Berkman, Times staff writer
PacifiCare Health Systems Inc., a cash-rich health maintenance organization eager to buy smaller companies in the same business, has stumbled twice on the acquisition trail. Recently rebuffed in its attempt to buy bankrupt Maxicare Health Plans, Cypress-based PacifiCare also lost out on its bid to buy Oakland-based HEALS Health Plan, a financially troubled HMO that had been courting suitors for a year.
BUSINESS
May 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Eager to expand into Northern California, PacifiCare Health Systems Inc. said Wednesday that it is considering making a buyout offer for HEALS Health Plan, an Oakland-based health maintenance organization that has been courting suitors for months. Cypress-based PacifiCare, which has built its HMO network through internal growth, has made it clear that it now wants to expand through acquisitions. The company recently was rebuffed in an attempt to buy bankrupt Maxicare Health Plans of Los Angeles.
BUSINESS
September 22, 1990 | LINDA DARNELL WILLIAMS, TIMES STAFF WRITER
BankAmerica Corp. said Friday that next year it will offer access to only six of the 15 health maintenance organizations now included in its health-care plan for California-based employees. The San Francisco-based bank holding company's decision follows similar actions taken by other large California employers who are drastically cutting the number of HMO options offered employees.
BUSINESS
June 25, 1991 | CRISTINA LEE, TIMES STAFF WRITER
Anxious to widen its operations north of the Los Angeles basin, PacifiCare Health Systems Inc. announced Monday that it has received state approval to expand its health maintenance organization into Northern California through a network of providers. In announcing the expansion, PacifiCare said it has not given up its quest to acquire another HMO to further expand in Northern California, which with 26 HMOs is considered one of the most competitive, yet lucrative markets in the nation.
BUSINESS
July 22, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Armed with data hastily gathered by their staff, executives at PacifiCare Health Systems in Cypress worked late three nights last April to outline a plan of attack for what they hoped would be a prize acquisition. Ever since archrival Maxicare Health Plans had filed for bankruptcy about a year earlier, PacifiCare officials had watched every move of the Los Angeles health maintenance organization. Now, it appeared, Maxicare's troubles had eased, and it was beginning to regain its footing.
BUSINESS
May 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Eager to expand into Northern California, PacifiCare Health Systems Inc. said Wednesday that it is considering making a buyout offer for HEALS Health Plan, an Oakland-based health maintenance organization that has been courting suitors for months. Cypress-based PacifiCare, which has built its HMO network through internal growth, has made it clear that it now wants to expand through acquisitions. The company recently was rebuffed in an attempt to buy bankrupt Maxicare Health Plans of Los Angeles.
BUSINESS
May 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Eager to expand into Northern California, PacifiCare Health Systems Inc. said Wednesday that it is considering making an offer to buy Oakland-based HEALS Health Plan, a cash-strapped health maintenance organization with 96,000 members that has been courting suitors for months. Privately held HEALS would not comment directly on negotiations with PacifiCare, but Wayne Lowell, chief financial officer of PacifiCare, said: "We are very interested. We have had quite a few visits with them."
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