HEALTH CARE
- Share via
Foundation Health to Acquire Intergroup Healthcare: Foundation Health Corp., a large operator of health maintenance organizations, will buy Intergroup Healthcare Corp., a smaller but similar company based in Arizona, for $720 million in stock. As part of the deal, Foundation will also acquire Intergroup’s majority stockholder, Thomas-Davis Medical Centers, an operator of 25 medical clinics in Arizona. Under the terms, Rancho Cordova, Calif.-based Foundation will pay for Intergroup in a stock swap that values Intergroup stock at $65 a share.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
