Spotlight: State Is Reviewing PacifiCare, FHP Merger
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Cypress-based PacifiCare Health Systems Inc.’s $2.1-billion offer for Santa Ana-based FHP International Corp. is being reviewed by state Atty. Gen. Dan Lungren’s office, PacifiCare said in an SEC filing. The review comes on top of an inquiry by the Federal Trade Commission, which has raised questions about the merged company’s 15% share of the health maintenance organization market for state Medicare patients. Lungren’s office would not say what issues are under review.
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