HEALTH
- Share via
Health Systems Posts Profit: Health Systems International Inc. said first-quarter profit per share rose 10% and that it pulled the planned sale of 2.9 million shares because of a decline in its stock price. Per-share earnings rose to 54 cents from 49 cents before merger-related expenses from operations in the year-earlier period, the Woodland Hills-based company said. The per-share result was a penny below average estimate of Wall Street analysts. The company said the reorganization was necessary because of the time and resources spent in merger negotiations with Woodland Hills-based WellPoint Health Networks Inc. Talks ended in December without a merger.
More to Read
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.