Former American health insurance provider
PacifiCare Health Systems, Inc. was a provider of health insurance based in Cypress, California . It was acquired by UnitedHealth Group in 2005.
History
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] [ 2]
In 1985, PacifiCare of Oregon was created.[ 3] [ 4] [ 5] [ 6]
In December 2005, the company was acquired by UnitedHealth Group .[ 7] Medicare enrollees.[ 8]
The company continued to market health plans under the PacifiCare and SecureHorizons names until 2011, when it changed to the UnitedHealthcare name.[ 9]
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 .[ 10] [ 11]
References
^ 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 ^ "PACIFICARE HEALTH SYSTEMS History: Founding, Timeline, and Milestones - Zippia" . www.zippia.com . 2020-08-27. Retrieved 2024-07-25 .^ "REPORT OF FINANCIAL EXAMINATION OF UNITEDHEALTHCARE OF OREGON, INC. LAKE OSWEGO, OREGON" (PDF) . Oregon . December 31, 2014.^ 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 ^ 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 ^ Zuckerman, Laurence (August 6, 1996). "Pacificare Will Buy FHP, Its Health Care Rival" The New York Times ^ "UnitedHealth Group Completes Merger with PacifiCare Health Systems, Inc" (Press release). Business Wire . December 21, 2005.^ FREUDENHEIM, Milt (July 7, 2005). "UnitedHealth to Buy PacifiCare in Push Into Medicare" The New York Times ^ "Letter from UHC" (PDF) . March 21, 2011.^ "PacifiCare Back with NHR for 2004 Champ Car World Series" . Motor Sport ^ "Sponsor woes for Champ Car?" . AutoRacing1.com . 2006-03-24. Retrieved 2024-07-25 .
