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BUSINESS
May 14, 1996 | TIMES STAFF AND WIRE REPORTS
Baxter, Value Health in Medication-Management Deal: The companies agreed to form a joint venture to provide services to hospitals and other health-care facilities. Financial terms for the as-yet-unnamed venture were not disclosed. Deerfield. Ill.-based Baxter Healthcare Corp. is the main U.S. operating subsidiary of Baxter International Inc., a leading manufacturer and marketer of health-care products and services worldwide. Avon, Conn.-based Value Health Inc.
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BUSINESS
April 16, 1997 | Associated Press
Value Health said it rejected a $1.2-billion stock-swap acquisition offer from MedPartners after Columbia/HCA revised its bid for the managed-care company to $1.1 billion in cash. Although the new Columbia deal is worth less than the offer from MedPartners, Value Health said it prefers the all-cash deal because it's less risky. Columbia initially agreed to buy Avon, Conn.-based Value Health with what had been $1.3 billion worth of its stock.
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BUSINESS
January 16, 1997 | Times Staff and Wire Reports
Columbia/HCA Healthcare Corp. said it will buy managed-care company Value Health Inc. for $1.3 billion, canceling Value Health's plans to spin off its lucrative pharmacy benefit management business to shareholders. For aggressive Columbia/HCA, the nation's largest for-profit hospital chain, the proposed deal continues its efforts to become a full-service health-care network. In addition to hospitals and benefits management, Columbia/HCA of Louisville, Ky.
BUSINESS
January 16, 1997 | Times Staff and Wire Reports
Columbia/HCA Healthcare Corp. said it will buy managed-care company Value Health Inc. for $1.3 billion, canceling Value Health's plans to spin off its lucrative pharmacy benefit management business to shareholders. For aggressive Columbia/HCA, the nation's largest for-profit hospital chain, the proposed deal continues its efforts to become a full-service health-care network. In addition to hospitals and benefits management, Columbia/HCA of Louisville, Ky.
BUSINESS
September 24, 1993 | From Associated Press
Two Connecticut companies will merge by year's end to become one of the country's largest providers of managed mental health and substance abuse services, if shareholders and regulators approve the deal. Value Health Inc. of Avon said Thursday that it will acquire Preferred Health Care Ltd., which is based in Wilton, in a stock-swap deal. Under the agreement, each share of Preferred's stock would be exchanged for 0.88 shares of Value Health's stock. Value Health shares lost $1.
BUSINESS
May 11, 1994 | DAVID R. OLMOS, TIMES STAFF WRITER
A Los Angeles operator of cancer clinics, in another sign of how managed health care is influencing medicine, said it has developed a method for improving the treatment of breast cancer while also restraining costs. The announcement by Salick Health Care and Value Health Inc.
BUSINESS
April 16, 1997 | Associated Press
Value Health said it rejected a $1.2-billion stock-swap acquisition offer from MedPartners after Columbia/HCA revised its bid for the managed-care company to $1.1 billion in cash. Although the new Columbia deal is worth less than the offer from MedPartners, Value Health said it prefers the all-cash deal because it's less risky. Columbia initially agreed to buy Avon, Conn.-based Value Health with what had been $1.3 billion worth of its stock.
BUSINESS
August 2, 1997
President Clinton nominated Justice Department attorney Michael Powell to fill a Republican slot at the Federal Communications Commission. Senate confirmation is required. . . . Cerritos-based Craig Consumer Electronics Inc. said it filed for Chapter 11 of the U.S. Bankruptcy Code to reorganize its financial affairs. . . . Beverly Hills-based Hilton Hotels Corp. extended its cash tender offer for 50.1% of the shares of ITT Corp. at $55 per share. The offer, which had an expiration date of Aug.
BUSINESS
August 29, 1997 | Associated Press
Columbia/HCA Healthcare Corp. said it will sell most of Value Health Inc., acquired just three weeks ago for $1.12 billion, in line with its new focus on its hospital business as the government probes its billing practices. Nashville-based Columbia will sell three of Value Health's four units, accounting for more than 80% of Avon, Conn.-based Value Health's revenue.
BUSINESS
May 14, 1996 | TIMES STAFF AND WIRE REPORTS
Baxter, Value Health in Medication-Management Deal: The companies agreed to form a joint venture to provide services to hospitals and other health-care facilities. Financial terms for the as-yet-unnamed venture were not disclosed. Deerfield. Ill.-based Baxter Healthcare Corp. is the main U.S. operating subsidiary of Baxter International Inc., a leading manufacturer and marketer of health-care products and services worldwide. Avon, Conn.-based Value Health Inc.
BUSINESS
May 11, 1994 | DAVID R. OLMOS, TIMES STAFF WRITER
A Los Angeles operator of cancer clinics, in another sign of how managed health care is influencing medicine, said it has developed a method for improving the treatment of breast cancer while also restraining costs. The announcement by Salick Health Care and Value Health Inc.
BUSINESS
September 24, 1993 | From Associated Press
Two Connecticut companies will merge by year's end to become one of the country's largest providers of managed mental health and substance abuse services, if shareholders and regulators approve the deal. Value Health Inc. of Avon said Thursday that it will acquire Preferred Health Care Ltd., which is based in Wilton, in a stock-swap deal. Under the agreement, each share of Preferred's stock would be exchanged for 0.88 shares of Value Health's stock. Value Health shares lost $1.
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