Foundation Health Acquires 2 Irvine Firms
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IRVINE — A Northern California health care-related company has completed its acquisition of two Irvine companies specializing in cost containment and administration of workers’ compensation programs.
Foundation Health Corp. of Rancho Cordova said it has acquired Reviewco and the Noetics Group, which are affiliated with each other. The two companies had combined revenue of about $20 million last year.
Terms of the acquisition were not disclosed.
Foundation, which offers health maintenance organization plans through its subsidiaries, said the two companies will allow it to introduce cost-effective workers’ compensation programs into states where it is developing commercial managed care operations.
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