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Article: California Physician Management Firm Plans Merger with Health Partners.(Originated from Mario C. Aguilera, North County Times, Escondido, Calif.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 7, 1997
CopyrightCOPYRIGHT 1997 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LA JOLLA, Calif.--Jul. 7--Locally based physician management firm FPA Medical Management Inc. Wednesday unveiled plans to merge with Connecticut-based Health Partners Inc. in a stock-for-stock swap worth $115 million.
The merger would link FPA with Health Partners' network of 418 physicians who cover 138,000 HMO patients. FPA would add about $160 million in revenue under the deal and extend its reach into Ohio, Kentucky, Washington, D.C., and Virginia.
Wall Street applauded the move, sending FPA's shares up $2, or 8.38 percent, to $25.88 in heavy trading volume of 2.77 million shares.
"We will incorporate FPA's national payor ...
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Article: Court Completes Hearing on FPA Medical Management ...
PR Newswire;
January 29, 1999 ;
700+ words
... ... and chief executive officer of FPA. "With their support, we ... months, clearing the way for FPA Medical Management's emergence ... the Court approved the sale by FPA of the assets of Cincinnati Health Partners, Inc. to Physicians Associates ...
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