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Unihealth America

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CALIFORNIA | LOCAL
January 28, 1993 | DOUG SMITH, TIMES STAFF WRITER
Don't get the wrong idea. When the Rev. Karl Kniseley II calls himself the "corporate conscience" of a $3-billion health care organization, he doesn't mean he's the kind of guy who strides down hospital corridors preaching the moral decrepitude of American techno-medicine.
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BUSINESS
November 5, 1993 | THOMAS S. MULLIGAN and JAMES M. GOMEZ, TIMES STAFF WRITERS
Blue Shield of California and Unihealth America abruptly called a halt to their much-touted merger Thursday, citing unspecified "fundamental issues" that they were unable to resolve. The deal would have created a huge managed care organization with revenue of $6.5 billion, serving as many as 4.5 million Californians and rivaled in size only by industry giant Kaiser Permanente. Unihealth America is the parent of Cypress-based PacifiCare Health Systems Inc.
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BUSINESS
August 19, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
The majority shareholder of PacifiCare Health Systems Inc. said Wednesday that it plans to sell about 5% of its shares in the health maintenance organization. The decision by UniHealth America, an HMO based in Burbank, to lower its stake in PacifiCare below 50% is an accounting strategy. "There's going to be consolidation in the industry over the next three years," PacifiCare Chief Executive Alan Hoops said Wednesday. "We want to be in the position to participate in that as optimally as we can."
BUSINESS
August 19, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
The majority shareholder of PacifiCare Health Systems Inc. said Wednesday that it plans to sell about 5% of its shares in the health maintenance organization. The decision by UniHealth America, an HMO based in Burbank, to lower its stake in PacifiCare below 50% is an accounting strategy. "There's going to be consolidation in the industry over the next three years," PacifiCare Chief Executive Alan Hoops said Wednesday. "We want to be in the position to participate in that as optimally as we can."
BUSINESS
November 5, 1993 | THOMAS S. MULLIGAN and JAMES M. GOMEZ, TIMES STAFF WRITERS
Blue Shield of California and Unihealth America abruptly called a halt to their much-touted merger Thursday, citing unspecified "fundamental issues" that they were unable to resolve. The deal would have created a huge managed care organization with revenue of $6.5 billion, serving as many as 4.5 million Californians and rivaled in size only by industry giant Kaiser Permanente. Unihealth America is the parent of Cypress-based PacifiCare Health Systems Inc.
BUSINESS
June 4, 1988 | KEITH BRADSHER, Times Staff Writer
Two large nonprofit health-care systems, LHS Corp. and HealthWest Foundation, announced Friday that they have merged, creating an organization with $1.3 billion in annual revenue. The new group, called UniHealth America, will operate 10 hospitals--including Santa Monica Hospital and California Medical Center in downtown Los Angeles--and several other facilities, mostly in Southern California.
BUSINESS
July 1, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
Having successfully completed the arduous task of converting the company to for-profit status, officials of Health Net until recently figured they could relax a bit. The conversion, they reasoned, assured the big health maintenance organization's position among the major players in the state's health care industry.
BUSINESS
November 5, 1991 | PHILIPP GOLLNER, TIMES STAFF WRITER
Recession-weary developers are competing for lucrative leases involving four growing San Fernando Valley companies that are seeking nearly a million square feet of potential new office space.
NEWS
June 29, 1993 | JAMES M. GOMEZ and JAMES S. GRANELLI, TIMES STAFF WRITERS
Blue Shield of California and UniHealth America said Monday they plan to form a $6.5-billion managed-care organization that would rival giant Kaiser Permanente and let members choose between traditional health delivery and HMO-style medical care. The merger--probably the largest ever among California health-care firms--is a sign of the consolidation sweeping the industry as the nation's medical costs soar and the Clinton Administration struggles to develop a reform package.
BUSINESS
July 1, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
Having successfully completed the arduous task of converting the company to for-profit status, officials of Health Net until recently figured they could relax a bit. The conversion, they reasoned, assured the big health maintenance organization's position among the major players in the state's health care industry.
NEWS
June 29, 1993 | JAMES M. GOMEZ and JAMES S. GRANELLI, TIMES STAFF WRITERS
Blue Shield of California and UniHealth America said Monday they plan to form a $6.5-billion managed-care organization that would rival giant Kaiser Permanente and let members choose between traditional health delivery and HMO-style medical care. The merger--probably the largest ever among California health-care firms--is a sign of the consolidation sweeping the industry as the nation's medical costs soar and the Clinton Administration struggles to develop a reform package.
CALIFORNIA | LOCAL
January 28, 1993 | DOUG SMITH, TIMES STAFF WRITER
Don't get the wrong idea. When the Rev. Karl Kniseley II calls himself the "corporate conscience" of a $3-billion health care organization, he doesn't mean he's the kind of guy who strides down hospital corridors preaching the moral decrepitude of American techno-medicine.
BUSINESS
November 5, 1991 | PHILIPP GOLLNER, TIMES STAFF WRITER
Recession-weary developers are competing for lucrative leases involving four growing San Fernando Valley companies that are seeking nearly a million square feet of potential new office space.
BUSINESS
June 4, 1988 | KEITH BRADSHER, Times Staff Writer
Two large nonprofit health-care systems, LHS Corp. and HealthWest Foundation, announced Friday that they have merged, creating an organization with $1.3 billion in annual revenue. The new group, called UniHealth America, will operate 10 hospitals--including Santa Monica Hospital and California Medical Center in downtown Los Angeles--and several other facilities, mostly in Southern California.
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