HARVARD PILGRIM LOOKS TO SELL 2 MORE HEALTH CENTERS

From: The Boston Globe (Boston, MA) | Date: September 11, 2001| Author: | Copyright information

Harvard Pilgrim Health Care, the large HMO that last year emerged from state receivership, will try to raise much-needed cash by selling two of its health centers and leasing them back, the plan's executives said yesterday.

Harvard Pilgrim, which still is being supervised by state regulators during its recovery, wants to revive a bond deal that it scrapped two years ago because of a $227 million operating loss in fiscal 1999. Under the deal, the Massachusetts Health and Educational Facilities Authority, an independent state agency controlled by gubernatorial appointees, would purchase the ...

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