Newspaper article THE JOURNAL RECORD

Hospital Corp. Plans to Acquire Health Care Plus Firm of Wichita

Newspaper article THE JOURNAL RECORD

Hospital Corp. Plans to Acquire Health Care Plus Firm of Wichita

Article excerpt

A letter of intent has been signed by the Hospital Corporation of America to acquire Health Care Plus of America Inc. based in Wichita, Kan.

Hospital Corporation of America, a Nashville, Tenn.-based company, is one of the world's largest health care corporations. In addition to recently purchasing Presbyterian Hospital in Oklahoma City,it owns or operates more than 400 hospitals in the U.S. and abroad.

Health Care Plus, which offers an alternative to traditional health insurance, also operates an Oklahoma City office and has approximately 59,000 customers in Oklahoma and Kansas.

Health Care Plus opened in Oklahoma during June, 1984, and contracted with 16 area physicians at five clinics to provide service to clients for a prepaid monthly fee.

The acquisition by Hospital Corporation of America will allow the prepaid service to expand more quickly than it would, had it been forced to rely on its own resources, according to Health Care spokesman Sue Wolff.

"We had been looking for a financial partner that would allow us to go national quicker," Wolff said. "On our own, we couldn't grow as fast. Being acquired by HCA, we can work together and move into a lot of cities very quickly.

"In each state," Wolff said, "there are regulations for any type of insurance coverage. In some states it can take quite a few months, up to a year in some places, before you can be approved to getqualification.

"Being affiliated with a national company, it won't take near the time to set up and get started."

Because many of the Health Care Plus clients have offices in other states, Wolff said, the firm has been unable to offer the employees protection. …

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