Business Services Industry
PacifiCare Health Systems to acquire American Medical Security Group.
Knight Ridder/Tribune Business News, September, 2004
By Joe Manning, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Sep. 16--Anticipating major growth in the small group and individual health insurance market, PacifiCare Health Systems said Wednesday it will buy Green Bay-based American Medical Security Group for more than $530 million in cash and assumed debt.
AMS, with 1,400 employees, specializes in selling small group and individual health insurance products in 33 states. The company had $712 million in premium revenue last year.
Under the terms of the deal, Cypress, Calif.-based PacifiCare will pay $32.75 in cash for each share of AMS common stock, amounting to a purchase price of approximately $502 million.
PacifiCare will also assume $30.2 million of AMS...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
