HEALTH
From Times Staff and Wire Reports
CareAmerica to Acquire Heath Cal: CareAmerica Health Plans, a Chatsworth-based health maintenance organization, has agreed to acquire Heath Cal, a workers’ compensation insurer, for $95 million. Heath Cal, based in San Francisco, has annual revenue of $140 million and provides workers’ compensation coverage for more than 350 employers in California and other states. CareAmerica, a subsidiary of Burbank-based UniHealth America, said the acquisition would diversify its products by allowing it to market to employers both its health insurance plans and Heath Cal’s workers’ compensation programs.
