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CALIFORNIA WELLNESS FOUNDATION AGREES TO VOTE FOR HEALTH NET - QUALMED MERGER

 WOODLAND HILLS, Calif., and PUEBLO, Colo., Sept. 7 /PRNewswire/ -- HN Management Holdings Inc., parent of California's second largest health maintenance organization (HMO), Health Net, and QualMed Inc. announced that the obligation of The California Wellness Foundation, the sole holder of HNMH's Class B Common Stock to vote in favor of the proposed merger of HNMH and QualMed has become unconditional. Previously, the voting agreement had been subject to certain conditions.
 -0- 9/7/93
 /CONTACT: Don Prial of Health Net, 818-593-7304; or George Evans of QualMed, 719-585-8074/


CO: HN Management Holdings Inc.; Health Net; QualMed Inc. ST: California, Colorado IN: HEA SU: TNM

JB-LM -- LA022 -- 9372 09/07/93 13:48 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
Words:112
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