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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?


To: Peter E. Thorpe who wrote (1090)2/23/1998 9:09:00 AM
From: Premier  Read Replies (1) | Respond to of 2068
 
CNBC and New York Times have updated us on the news events at Oxford. The equity package from KKR + Payson and loan package from Chase+Nations Bank resolves the liquidity problem. Payson/Nazem/KKR will restructure the company, eliminate loss leaders and look for a suitor.

CNBC report said HMOs covered 20% of population in 1993 and 30% in 1998. Growth rate has declined but 55% of coverage is projected to be provided by HMOs in 2010. Richter of MS said individuals may hate HMOs but its employers who make decisions.

I expect Oxford to trade at $35+ by 12/31/98.

Premier