Advertisement
YOU ARE HERE: LAT HomeCollectionsSafeguard Health Enterprises Inc
IN THE NEWS

Safeguard Health Enterprises Inc

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
February 9, 2001 | Marc Ballon
SafeGuard Health Enterprises Inc. said Thursday it has completed a financial restructuring that gives John Hancock Life Insurance Co. effective control of the Aliso Viejo provider of dental and vision care plans. As part of the arrangement, SafeGuard wiped out $53 million in debt, freeing the company to pursue acquisitions and other business opportunities.
Advertisement
BUSINESS
March 7, 1996
Safeguard Health Enterprises Inc. posted an 85% gain in profit for last year on record revenue. The managed health-care company said net income for 1995 increased to $2.4 million, or 51 cents a share, from $1.3 million, or 27 cents a share, for 1994. Revenue rose 16% to $81.6 million from $70.5 million. For the fourth quarter, net income totaled $704,000, or 15 cents a share, compared to $217,000, or 5 cents a share, a year earlier. Revenue increased 18% to $21.3 million from $18.1 million.
BUSINESS
December 8, 2000 | Dow Jones
Safeguard Health Enterprises Inc. said its board has authorized the repurchase of up to 500,000 common shares in the open market and through private transactions from time to time. Safeguard, an Aliso Viejo provider of health care plans and services, said it has about 4.75 million shares of stock outstanding. The stock, which traded as high as $3.50 a share early in March, closed Thursday at $1, up 13 cents, in over-the-counter trading.
BUSINESS
August 14, 1999
The Anaheim dental benefits marketing company posted a second-quarter net loss of $7 million, or $1.48 a share, contrasted with net income of $428,000, or 9 cents a share, for the 1998 second quarter. Revenue increased 3% to a record $25.1 million.
BUSINESS
January 20, 1985
Safeguard Health Enterprises Inc., Whittier, said A. Gerald Michels, a senior vice president and director, resigned to become a bishop in the Mormon Church. He will remain with the company as a consultant.
BUSINESS
March 17, 1998 | Times Wire Services
Dental health plan operator SafeGuard Health Enterprises Inc. said Monday that it has agreed to sell its statewide orthodontic practices to dentists affiliated with Pacific Coast Dental Inc. and Associated Dental Services Inc., both of Mission Viejo. Terms were not disclosed. SafeGuard previously had said that it intended to discontinue its orthodontic business.
BUSINESS
May 14, 1997 | (Dow Jones)
SafeGuard Health Enterprises Inc. said Tuesday that it has bought Florida-based Advantage Dental Health Plans for about $10 million, consisting of cash and debt. SafeGuard, a health care marketing company, said the acquisition adds more than 125,000 members to its dental network and boosts revenue by more than $6 million.
BUSINESS
November 14, 2000
Safeguard Health Enterprises Inc.'s pending recapitalization and change of control cleared another regulatory hurdle, the Aliso Viejo company said Monday. The California Department of Managed Health Care has approved the move just days after the state Department of Insurance gave it the green light. Safeguard had agreed in March to an $8-million cash infusion from an investor group, which will convert the debt into shares. The company said the transaction is essential to its financial health.
BUSINESS
November 11, 2000
SafeGuard Health Enterprises Inc., an Aliso Viejo provider of dental and vision plans, posted a third-quarter net loss of $3 million, or 63 cents a share, compared with a net loss of $44 million, or $9.27 a share, for the same period of 1999. Revenue was up 2% to $73.3 million.
BUSINESS
September 14, 2000 | Dow Jones
Dental plan provider SafeGuard Health Enterprises Inc. said Wednesday that a federal judge has dismissed a stockholder lawsuit filed against the company in December after it announced that it would restate its financial results for a nearly three-year period. The Aliso Viejo company said in a press release that the shareholders have 30 days to appeal the decision by a U.S. District Court judge. Its shares lost 22 cents Wednesday to close at 66 cents in over-the-counter trading.
BUSINESS
March 4, 2000
SafeGuard Health Enterprises Inc., an Aliso Viejo managed dental care company, said Friday that it has received an $8-million loan from an investor group, which will convert the debt into shares once regulators approve. The investor group includes the family trust of the company's chairman, Steven J. Baileys. It also consists of CAI Partners, Jack R. Anderson and lenders Silicon Valley Bank and John Hancock Life Insurance Co.
BUSINESS
February 10, 2000
An investment group ended its effort to infuse $40 million in SafeGuard Health Enterprises Inc. and take control of the dental care insurer, the Aliso Viejo company said Wednesday. The company also said that it has failed to make a payment due Jan. 28 on its line of credit, but its two lenders have not declared a default yet. The company and its lenders are continuing to negotiate the terms. The investment group, led by CAI Partners and Co. II LP and Jack R.
BUSINESS
November 16, 1999 | From Dow Jones News Service
SafeGuard Health Enterprises Inc. said its results for the third quarter and its previous two quarters were overstated by a "material" amount and will have to be restated. The Aliso Viejo dental benefits marketing company said in a press release Friday that it is working to determine the adjustments needed to restate its results properly for the periods and will report them once available.
Los Angeles Times Articles
|