Printer Friendly

HEALTHSOURCE, INC. ANNOUNCES 50 PERCENT STOCK DIVIDEND AND FILES TO LIST ON THE NEW YORK STOCK EXCHANGE

 HEALTHSOURCE, INC. ANNOUNCES 50 PERCENT STOCK DIVIDEND AND FILES TO
 LIST ON THE NEW YORK STOCK EXCHANGE
 CONCORD, N.H., Oct. 28 /PRNewswire/ -- Healthsource, Inc. (NASDAQ-NMS: HLTH) a leading operator of HMOs and managed health care services, announced today that it has declared a 50 percent stock dividend to stockholders of record on Nov. 16, 1992. The stock dividend will increase the number of outstanding shares of the company from 8,133,000 to 12,199,500. Certificates reflecting the stock split will be issued on Dec. 15, 1992.
 The company also announced today that it has been approved to apply to list its common stock on the New York Stock Exchange. The company's shares will continue trading on the NASDAQ National Market System until the New York Stock Exchange listing is effective, which is expected to be in December 1992.
 Norman C. Payson, M.D., chief executive officer of Healthsource, said, "We have elected to split the company's stock and to seek New York Exchange listing to improve liquidity in the company's stock and to achieve higher visibility for our company in both the domestic and international investment communities. We believe both actions will work towards enhancing shareholder value."
 Healthsource, Inc. sponsors or manages HMOs in New Hampshire, Maine, South Carolina, North Carolina, Tennessee, Indiana and New York and owns EBPA, the largest third-party claims administrator in New England. Healthsource also provides utilization review services and preferred provider networks primarily to self-insured employer plans and Blue Cross and Blue Shield of Vermont.
 -0- 10/28/92
 /CONTACT: Thomas Congoran, chief financial officer or Tracey Turner of Healthsource, 603-225-5077/
 (HLTH) CO: Healthsource, Inc. ST: New Hampshire IN: HEA SU: DIV


TM -- NE010 -- 6058 10/28/92 13:28 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 28, 1992
Words:289
Previous Article:VIDEOCART SET TO EXPAND ELECTRONIC COUPONING
Next Article:CRAY RESEARCH RECEIVES ORDERS FROM TWO NEW PETROLEUM CUSTOMERS; BOTH SYSTEMS INSTALLED IN CALGARY
Topics:


Related Articles
HEALTHSOURCE CLOSES PURCHASE OF TENNESSEE FIRST HEALTH PLAN, INC.
HEALTHSOURCE EXPECTS SECOND QUARTER NET INCOME TO RISE APPROXIMATELY 38 PERCENT
HEALTHSOURCE ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE REMAINING INTEREST IN SOUTH CAROLINA PLAN
HEALTHSOURCE, INC. REPORTS 32 PERCENT INCREASE IN EARNINGS PER SHARE; REVENUES INCREASE 85 PERCENT
HEALTHSOURCE, INC. ANNOUNCES MINORITY INVESTMENT IN PATIENTS' CHOICE
HEALTHSOURCE, INC. REPORTS 36 PERCENT INCREASE IN THIRD QUARTER EARNINGS; NET INCOME ADVANCES 52 PERCENT
HEALTHSOURCE ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE REMAINING INTEREST IN NORTH CAROLINA PLAN
HEALTHSOURCE, INC. ANNOUNCES A TWO FOR ONE STOCK SPLIT
HEALTHSOURCE, INC. REPORTS 37% INCREASE IN FOURTH QUARTER EARNINGS PER SHARE NET INCOME INCREASES 67%; REVENUE UP 56%
HEALTHSOURCE, INC. ANNOUNCES RESULTS OF TENDER OFFER TO PURCHASE REMAINING 60 PERCENT INTEREST IN SYRACUSE HMO

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters