Spotlight: Pacificare, FHP Shareholders OK Merger

Shareholders at two of California’s largest health-care companies overwhelmingly approved a $2.1-billion merger that would create the nation’s fifth-largest HMO. Shareholders of Cypress-based Pacificare Health Systems and Fountain Valley-based FHP International endorsed the deal, which still must be cleared by federal and state regulators. The deal, announced Aug. 5, would create a company with 4 million members in 15 states, from California to the Midwest.