PacifiCare Health Systems Inc.: The company’s shares...
PacifiCare Health Systems Inc.: The company’s shares jumped to record highs Wednesday after expectations apparently were raised in recent meetings with investors and analysts.
PacifiCare Class A shares closed at $63.75, up $7 a share, while Class B shares closed at $63.25, up $6.25.
PacifiCare Chief Executive Alan Hoops and President Wayne Lowell held a series of meetings Wednesday that were expected to continue today to brief the investment community about the company.
The Cypress-based health maintenance organization reported Aug. 1 that enrollment has increased in its managed-care plans and hospital costs per member had declined.