February 22, 2001 |
Health Net Inc., one of California's biggest health insurers, said Wednesday that fourth-quarter profit rose 24% as it attracted customers with lower-cost health plans. Net income rose to $46.2 million, or 37 cents a share, from $37.4 million, or 31 cents, a year earlier, the company said. Revenue rose 7.1% to $2.4 billion from $2.2 billion. Woodland Hills-based Health Net raised premiums faster than medical costs increased and controlled administrative expenses.
May 2, 2001 |
Health Net Inc. said Tuesday that first-quarter profit rose 25% as the Woodland Hills-based managed-care company attracted more customers. Net income rose to $42.4 million, or 34 cents a share, from $34.1 million, or 28 cents, a year earlier, Health Net said. Revenue rose 13% to $2.5 billion. Health Net has raised premiums faster than medical costs have increased, and it has controlled other expenses.
CALIFORNIA | LOCAL
November 21, 2000
Foundation Health Systems Inc. of Woodland Hills has changed its name to Health Net and now trades under the symbol HNT on the New York Stock Exchange. The name change applies only to the corporate entity. Other Health Net Inc. subsidiaries including health plans; Foundation Health Federal Services, its government contracts subsidiary; Integrated Pharmaceutical Services; and the company's behavioral health-care company MHN, are not affected. Health Net Inc.
October 11, 2007 |
Health Net Inc., a provider of Medicare health plans and other medical insurance, named Joseph C. Capezza chief financial officer as of Nov. 1. Capezza, 52, is the finance chief at Harvard Pilgrim Health Care in Wellesley, Mass. He replaces interim CFO James Woys.
July 2, 2005
A Louisiana jury ordered Health Net Inc. to pay $117.4 million in the collapse of a Texas health maintenance organization the company sold in 1999. Attorneys for the Texas receiver said Woodland Hills-based Health Net allowed AmCareco Inc. to buy the company with the HMO's own money, leaving the plan insolvent. Shares of Health Net fell 63 cents to $37.53. From Bloomberg News
May 9, 2006 |
Woodland Hills-based health insurer Health Net Inc. said first-quarter net income more than tripled as premiums increased. Net income rose to $76.6 million, or 65 cents a share, from $21.3 million, or 19 cents, a year earlier, when Health Net took a charge to settle a lawsuit. Revenue rose 9.4% to $3.19 billion, and health plan premiums climbed 6.2% to $2.55 billion.