PacifiCare Health Systems

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PacifiCare Health Systems, Inc.
IndustryHealth insurance
FateAcquired by UnitedHealth Group
Founded1983; 36 years ago (1983)
FounderSamuel J. Tibbitts
DefunctDecember 21, 2005; 13 years ago (2005-12-21)
HeadquartersCypress, California
Number of employees
7,500

PacifiCare Health Systems, Inc. was a provider of health insurance based in Cypress, California. It was acquired by UnitedHealth Group in December 2005.

History[edit]

The predecessor of the company was founded in 1978 by Samuel J. Tibbitts as a subsidiary of the Lutheran Hospital Society of Southern California.[1]

PacifiCare was incorporated in 1983.

In 1985, PacifiCare of Oregon was created.[2]

In 1993, Alan Hoops replaced Terry Hartshorn as president and CEO.[3] The company also acquired Freedom Plan, California Dental Health Plan, and Advantage Health Plans.[4]

In 1996, it acquired FHP.[5]

In December 2005, the company was acquired by UnitedHealth Group.[6] At that time, the company had 705,000 Medicare enrollees.[7]

It continued to market health plans under the PacifiCare and SecureHorizons names until 2011, when it changed to the UnitedHealthcare name.[8]

Sponsorship and philanthropy[edit]

The company sponsored Newman/Haas Racing for the 2003 CART season, the 2004 Champ Car season, and the 2005 Champ Car season and donated to support The Painted Turtle.[9]

References[edit]

  1. ^ Shinkman, Ron (February 3, 1997). "HEALTH CARE HALL OF FAME: AN INDUSTRY VISIONARY: SAMUEL J. TIBBITTS BOOSTED EFFICIENCY AT NOT-FOR-PROFITS, PIONEERED FOR-PROFITS". Modern Healthcare.
  2. ^ "REPORT OF FINANCIAL EXAMINATION OF UNITEDHEALTHCARE OF OREGON, INC. LAKE OSWEGO, OREGON" (PDF). Oregon. December 31, 2014.
  3. ^ GOMEZ, JAMES M. (February 12, 1993). "Founder of PacifiCare to Retire as Chairman : Management: Samuel J. Tibbitts' successors are two executives who have guided the Cypress firm's recent strong growth". Los Angeles Times.
  4. ^ GOMEZ, JAMES M. (October 12, 1993). "PacifiCare Taking Wider Role as a Provider of Managed Care : Health: Armed with a $100-million 'war chest,' the Cypress-based HMO is making acquisitions to expand its market share". Los Angeles Times.
  5. ^ Zuckerman, Laurence (August 6, 1996). "Pacificare Will Buy FHP, Its Health Care Rival". The New York Times.
  6. ^ "UnitedHealth Group Completes Merger with PacifiCare Health Systems, Inc" (Press release). Business Wire. December 21, 2005.
  7. ^ FREUDENHEIM, Milt (July 7, 2005). "UnitedHealth to Buy PacifiCare in Push Into Medicare". The New York Times.
  8. ^ "Letter from UHC" (PDF). March 21, 2011.
  9. ^ "PacifiCare Back with NHR for 2004 Champ Car World Series". Motor Sport. March 10, 2004.