November 2, 1988 |
Troubled Maxicare Health Plans Inc. of Los Angeles said it had agreed to sell health maintenance organizations in Texas, New York and New Jersey to a subsidiary of New York Life Insurance Co. for $14 million. Maxicare, which is saddled with $474 million in debt accumulated during an ambitious expansion in the early 1980s, announced the agreement Tuesday and said the money would be used to help pay claims in its health plans. Sanus Corp.
October 5, 1994 |
University, Insurer Mull Health Care Venture: Duke University and a New York Life Insurance Co. unit said they are discussing forming the joint venture to provide managed health care services in North Carolina. Duke administrators said the deal, if completed, would be the largest of its kind between an academic medical center and a health insurer.