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August 24, 1996 | From Bloomberg Business News
PacifiCare Health Systems Inc. may exit the competitive Florida health-plan market to focus on other markets that it would enter through its planned $2.1-billion acquisition of FHP International Corp. The managed-care company said Dillon, Read & Co., its investment banker for the FHP transaction, is exploring various options, including a sale.
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BUSINESS
August 24, 1996 | From Bloomberg Business News
PacifiCare Health Systems Inc. may exit the competitive Florida health-plan market to focus on other markets that it would enter through its planned $2.1-billion acquisition of FHP International Corp. The managed-care company said Dillon, Read & Co., its investment banker for the FHP transaction, is exploring various options, including a sale.
BUSINESS
August 2, 1996
Comprehensive Care Corp., a health-care provider specializing in chronic and catastrophic diseases, said it signed three new managed-care contracts that are expected to generate a total of about $7 million in annual revenue. The contracts are with Community Choice of Michigan, and StayWell and Wellcare health maintenance organizations in Florida.
BUSINESS
March 21, 1996 | BARBARA MARSH, TIMES STAFF WRITER
The price of PacifiCare Health Systems Inc. stock dropped 8.9% Wednesday after the company said its earnings for the second quarter would fall below analysts' estimates. David Erickson, the health insurer's manager of investor relations, said the company now expects to earn about $1 a share for the period ending March 31, 8 cents below analysts' average estimates. The company's common stock dropped $8 a share to $82 as 410,000 shares changed hands in Nasdaq trading.
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