OTHER NEWS - Feb. 14, 1995
<i> Times Staff and Wire Reports</i>
Health Systems International Inc. Profits Soar: The company said fourth-quarter earnings rose sixfold as enrollment in its managed health-care plans gained 13%. Health Systems, which is based in Pueblo, Colo. and in Woodland Hills, posted profit from operations of $24.3 million, or 49 cents a share, up from $3.8 million, or 8 cents, a year ago. For the full year, profit from operations almost doubled to $88.5 million, or $1.78 a share, from $46.1 million, or 93 cents, a year ago. Health Systems was created in January, 1994, after a merger of Health Net, California’s second-largest HMO, and QualMed Inc., a Colorado-based system of HMOs.
