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BUSINESS
January 20, 1994 | From Times Staff and Wire Reports
FHP-Takecare Merger Questioned: Shareholders with a 22% stake in Takecare Inc., a Concord, Calif.-based health maintenance organization, have sued the company, claiming the chairman engineered the rejection of a takeover offer in favor of a lower, $829-million acquisition bid by FHP International Corp. of Fountain Valley. That lower bid was favored, the suit alleges, because it would let Takecare Chairman Jack R. Anderson convert his stock to cash.
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BUSINESS
August 12, 1998 | From Bloomberg News
PacifiCare Health Systems Inc., one of California's biggest health insurers, may be able to profit from the malaise in Medicare coverage that plagues its rivals. Two big competitors, United HealthCare Corp. and Foundation Health Systems Inc., dismayed investors over the past week with losses on Medicare, as the government moves to cut growth in spending on its health insurance for the elderly. Santa Ana-based PacifiCare has bucked the trend with its Secure Horizons model.
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BUSINESS
July 20, 1995
Apria Healthcare Group Inc., a Costa Mesa home health care company, said it has signed an agreement to become national supplier of home respiratory therapy and medical equipment for the 3.8 million members of United HealthCare Corp.'s 21 health care plans. Minneapolis-based United HealthCare operates health maintenance organizations, preferred provider organizations and other medical services. Apria is the new name of the merged Orange County health care companies Abbey Healthcare and Homedco.
BUSINESS
August 11, 1998 | From Washington Post
Humana Inc. and United HealthCare Corp. on Monday mutually agreed to call off their merger after United's startling announcement last week of a $900-million charge that sent its stock plummeting. Shareholders were set to vote on the proposed agreement, which would have been the largest merger in the managed-care industry, at the end of this month. But the companies released a statement Monday saying that both boards decided to nix the stock deal over the weekend.
BUSINESS
August 11, 1998 | From Washington Post
Humana Inc. and United HealthCare Corp. on Monday mutually agreed to call off their merger after United's startling announcement last week of a $900-million charge that sent its stock plummeting. Shareholders were set to vote on the proposed agreement, which would have been the largest merger in the managed-care industry, at the end of this month. But the companies released a statement Monday saying that both boards decided to nix the stock deal over the weekend.
BUSINESS
August 12, 1998 | From Bloomberg News
PacifiCare Health Systems Inc., one of California's biggest health insurers, may be able to profit from the malaise in Medicare coverage that plagues its rivals. Two big competitors, United HealthCare Corp. and Foundation Health Systems Inc., dismayed investors over the past week with losses on Medicare, as the government moves to cut growth in spending on its health insurance for the elderly. Santa Ana-based PacifiCare has bucked the trend with its Secure Horizons model.
BUSINESS
May 29, 1998 | From Bloomberg News
United HealthCare Corp. said Thursday it will buy Humana Inc. for about $6.23 billion in stock and assumed debt, as one of the largest health-plan operators seeks to extend its reach nationwide and cut costs. The merger is part of a consolidation wave in the health-care industry, spurred by rising medical costs and intense competition. The transaction calls for United HealthCare to exchange one of its shares for every two Humana shares and assume $850 million in debt.
BUSINESS
February 18, 1994 | RICK RABER, BLOOMBERG NEWS SERVICE
Shareholders with a 22% stake in TakeCare Inc., a Northern California health maintenance organization that has become a takeover target, aren't satisfied that the TakeCare board is seeking the highest bid. TakeCare earlier this month canceled a preliminary agreement to be bought by FHP International Corp. in Fountain Valley for about $829 million in cash and securities.
BUSINESS
January 20, 1994 | From Times Staff and Wire Reports
Shareholders with a 22% stake in a Northern California health maintenance organization have filed a lawsuit that could complicate the company's plan to be taken over by rival FHP International Corp. in Fountain Valley. The lawsuit alleges that the chairman of TakeCare Inc., an HMO based in Concord, engineered the board's rejection of a takeover offer in favor of a lower acquisition bid by FHP. That way, the suit alleges, TakeCare Chairman Jack R.
BUSINESS
May 29, 1998 | From Bloomberg News
United HealthCare Corp. said Thursday it will buy Humana Inc. for about $6.23 billion in stock and assumed debt, as one of the largest health-plan operators seeks to extend its reach nationwide and cut costs. The merger is part of a consolidation wave in the health-care industry, spurred by rising medical costs and intense competition. The transaction calls for United HealthCare to exchange one of its shares for every two Humana shares and assume $850 million in debt.
BUSINESS
July 20, 1995
Apria Healthcare Group Inc., a Costa Mesa home health care company, said it has signed an agreement to become national supplier of home respiratory therapy and medical equipment for the 3.8 million members of United HealthCare Corp.'s 21 health care plans. Minneapolis-based United HealthCare operates health maintenance organizations, preferred provider organizations and other medical services. Apria is the new name of the merged Orange County health care companies Abbey Healthcare and Homedco.
BUSINESS
February 18, 1994 | RICK RABER, BLOOMBERG NEWS SERVICE
Shareholders with a 22% stake in TakeCare Inc., a Northern California health maintenance organization that has become a takeover target, aren't satisfied that the TakeCare board is seeking the highest bid. TakeCare earlier this month canceled a preliminary agreement to be bought by FHP International Corp. in Fountain Valley for about $829 million in cash and securities.
BUSINESS
January 20, 1994 | From Times Staff and Wire Reports
FHP-Takecare Merger Questioned: Shareholders with a 22% stake in Takecare Inc., a Concord, Calif.-based health maintenance organization, have sued the company, claiming the chairman engineered the rejection of a takeover offer in favor of a lower, $829-million acquisition bid by FHP International Corp. of Fountain Valley. That lower bid was favored, the suit alleges, because it would let Takecare Chairman Jack R. Anderson convert his stock to cash.
BUSINESS
January 20, 1994 | From Times Staff and Wire Reports
Shareholders with a 22% stake in a Northern California health maintenance organization have filed a lawsuit that could complicate the company's plan to be taken over by rival FHP International Corp. in Fountain Valley. The lawsuit alleges that the chairman of TakeCare Inc., an HMO based in Concord, engineered the board's rejection of a takeover offer in favor of a lower acquisition bid by FHP. That way, the suit alleges, TakeCare Chairman Jack R.
BUSINESS
May 18, 1999 | Bloomberg News
A sampling of new ratings and changes issued Monday by Wall Street analysts: * BellSouth Corp. (ticker: BLS; close and change: $47, up $1.25) was raised to "buy" from "neutral" by PaineWebber. * Restaurant chain Buca Inc. (BUCA; $16.06, down 69 cents) was rated "strong buy" in new coverage by U.S. Bancorp Piper Jaffray, with a 12-month price target of $22. * Retailer Gottschalks Inc. (GOT; $7.94, up 38 cents) was raised to "strong buy" from "hold" by Prudential Securities. * Net.Bank Inc.
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