Health care industry
First Financial Management Corporation (NYSE: FFM), a worldwide leader in information services, has announced a definitive agreement to acquire Employee Benefit Plans, Inc. (NYSE: EBP) for approximately $125 million. The transaction, subject to approval by EBP shareholders and certain regulatory agencies, will see EBP shareholders receive 0.1975 shares of
Health care industry
ProxyMed, Inc. announced its operating results for the first quarter ended March 31, 1995, reporting a sharp reduction in operating losses from the third and fourth quarters of 1994. The company's operating loss decreased to $707,690 in the first quarter, down from $1.29 million and $1.
Health care industry
Health Professionals Inc., a health care delivery system, has announced that its principal subsidiary, Center for Special Immunology Inc., has signed research agreements with two major pharmaceutical companies to participate in HIV clinical trials. The contracts, valued at $550,000 and $500,000 respectively, will support studies on protease inhibitors
Drugs
Value Health, Inc., a leading provider of specialty managed care benefit programs and health care information services, has announced that the Federal Trade Commission (FTC) has granted early termination of the Hart-Scott-Rodino waiting period for its acquisition of Diagnostek, Inc. This development enables Value Health to move forward with the
Health care industry
The acquisition of Salick Health Care Inc. by Zeneca Ltd. in April 1995 may be the first of many drug company takeovers of managed care providers and doctors' practices, raising ethical concerns. Zeneca, a UK-based international pharmaceutical firm with $6.5 billion in sales in 1994, acquired 50% of
Health care industry
CareWare Systems, a Tampa-based developer of managed care software, has announced the sale of its Managed Care System to WorkHealth Healthcare Management, Inc. This strategic partnership will enable WorkHealth to implement comprehensive work injury management services to its customers, utilizing CareWare's Version 2.0. The system's
Health care industry
Foundation Health Corporation announced that its government contracts subsidiary, Foundation Health Federal Services, Inc. (FHFS), has been awarded the Department of Defense TRICARE Region 6 Managed Care Support contract valued at approximately $1.8 billion over five years. The contract will provide a comprehensive managed care program for approximately 590,
Health care industry
First Fidelity Bank has partnered with Crozer-Keystone Health System to support breast cancer research and screening programs in Delaware County. The $15,000 grant aims to address the growing concern of breast cancer in the community, where an estimated 140 women will die of the disease this year. Crozer-Keystone Health
Health care industry
A collaborative effort between the Network Services Division of Sterling Software, Inc. and Care Delivery Management, Inc. (CDMI), an affiliate of Blue Cross and Blue Shield of Minnesota (BCBSM), aims to reduce costs and paperwork involved in processing health care benefits enrollment information. The two companies will provide EDI-based benefits
Health care industry
Salick Health Care, a leading provider of diagnosis and treatment for patients with catastrophic illnesses, has finalized its merger with Zeneca Group PLC, a British bioscience and pharmaceutical company. The merger was approved by Salick's stockholders at its annual meeting, and the transaction was consummated immediately after. As
Medical care
House Ways and Means subcommittee chairman William M. Thomas has endorsed proposals to limit Medicare funding of graduate medical education, citing a growing need for generalist physicians and a surplus of specialists. Thomas suggested several changes, including limiting Medicare subsidies to the first three years of residency training and opening
Medical care
The Health Care Financing Administration (HCFA) has faced intense criticism from the medical community over its proposal to require physicians and labs to document medical necessity for each test billed to Medicare. In response, HCFA is reconsidering the proposal and exploring alternative ways to reduce unnecessary testing. HCFA officials acknowledge
