PacifiCare Stock Offering: PacifiCare Health Systems Inc....

PacifiCare Stock Offering: PacifiCare Health Systems Inc. completed a previously announced public offering of 500,000 shares of Class A common stock at $39 per share. The stock was sold by UniHealth America, PacifiCare’s largest shareholder.

The offering will reduce UniHealth’s ownership stake in PacifiCare’s Class A stock to about 49%. The ownership change will allow PacifiCare to utilize beneficial accounting methods that would come into play if the company makes any acquisitions.

PacifiCare Health Systems in Cypress is one of the nation’s leading managed care organizations. It operates health programs for employer groups and Medicare beneficiaries in California, Oklahoma, Oregon, Texas and Washington.