BUSINESS
January 19, 1996 | Times Staff and Wire Reports
Foundation Health to Acquire Managed Health Network: In a stock swap valued at about $45 million, Foundation Health Corp. of Rancho Cordova, Calif., said it signed an agreement to buy closely held Managed Health Network Inc. of Los Angeles. Foundation Health said it expects the acquisition to have no impact on its fiscal 1996 earnings. Managed Health, with branches in 12 states, provides employee assistance and behavioral health programs to about 350 companies and unions.