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September 12, 1989 | LESLIE BERKMAN, Times Staff Writer
VHA Enterprises, a national alliance of 668 nonprofit hospitals, said Monday that it will dissolve its joint venture with Comprehensive Care Corp. of Irvine because it is dissatisfied with the firm's psychiatric and drug treatment programs. Business generated by the joint venture last year produced $2.3 million in annual pre-tax earnings for CompCare, which received 70% of the joint venture's profits, according to documents filed with the Securities and Exchange Commission.
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BUSINESS
September 12, 1989 | LESLIE BERKMAN, Times Staff Writer
VHA Enterprises, a national alliance of 668 nonprofit hospitals, said Monday that it will dissolve its joint venture with Comprehensive Care Corp. of Irvine because it is dissatisfied with the firm's psychiatric and drug treatment programs. Business generated by the joint venture last year produced $2.3 million in annual pre-tax earnings for CompCare, which received 70% of the joint venture's profits, according to documents filed with the Securities and Exchange Commission.
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BUSINESS
August 2, 1989 | LESLIE BERKMAN, Times Staff Writer
Robert W. O'Leary will resign as chief executive of the St. Joseph Health System in Orange to become president and chief executive of Voluntary Hospitals of America Inc., a Dallas organization that provides services to a nationwide network of hospitals, officials said Tuesday. O'Leary, 45, has served as president and chief executive at St. Joseph Health System since 1983. The health-care organization, owned by the Sisters of St.
CALIFORNIA | LOCAL
September 9, 1989 | GREG JOHNSON, Times Staff Writer
Superior Court Judge William Pate on Friday named a receiver to supervise the transfer of financially troubled Greater San Diego Health Plan's subscribers to a health-care company operated by several San Diego hospitals and two large health-care companies. Pate took the action because the state Department of Corporations determined that the health plan "has recorded significantly escalating operating losses," Asst. Commissioner Alice W. Suitt said Friday.
CALIFORNIA | LOCAL
July 26, 1989 | GREG JOHNSON, Times Staff Writer
Financially ailing Western Health Plans acknowledged Tuesday that it has agreed to sell its 125,000-member Greater San Diego Health Plan to a joint venture that includes several local hospitals, Aetna Life Insurance Co. and Partners National Health Plans. Terms of the agreement-in-principle, which calls for a definitive agreement to be completed by Aug. 18, were not revealed.
CALIFORNIA | LOCAL
September 16, 1989 | GREG JOHNSON, Times Staff Writer
U. S. Bankruptcy Judge Peter Bowie on Friday ordered financially troubled Western Health Plans to sell its Greater San Diego Health Plan subsidiary to Choice, a health-care consortium that includes several local hospitals and a partnership led by Aetna Healthcare Programs of California. Greater San Diego Health Plan's 97,000 subscribers "are now being served by us," Aetna Vice President John G. Pearce said Friday.
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