Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLV insurer cutting deeper into Texas operation
Thursday, June 29, 2000 | 11:26 a.m.
Sierra Health Services Inc. of Las Vegas said today it's likely to take a big charge against earnings because of problems in its Texas medical operations.
Sierra stock fell 1/2 to 3 9/16 this morning after it announced substantial charges and writedowns because of downsizing in Texas. These may include all or a portion of the $126 million of goodwill on Sierra's books from its Texas operations.
The non-cash charges will likely result in Sierra being out of compliance with bank ratios, forcing Sierra to have talks with its banks on amending its lending agreements.
Sierra said it's exiting the Medicare + Choice program in the Houston market and will discontinue operations at clinics in Irving, Mesquite, Plano and Arlington. Some 135 jobs will be cut at the clinics.
archive
- Most Read
- Discussed
- Most E-mailed
- Wonder drug for men no success story
- CityCenter: One man’s concept of a real city
- Bellfield tolls again for UNLV in 76-71 win over Louisville
- Man, 18, arrested for DUI in crash that kills woman, 24
- Notebook: UNLV prospect Polee likes what he sees, and hears, at the Mack
- Man fatally shot during robbery attempt of woman
- Live game blog: Bellfield, UNLV come through late, upset No. 16 Louisville
- Bishop Gorman crushes Reed to head to state championship
- Pitino doesn’t consider loss to UNLV a total loss
- The ball’s in Reid’s court: Passing the public option
Blogs
Elsewhere
Silva still recovering, won't fight Belfort at 109
Sports: UNLV
Rebels enter hoops rankings at No. 24 (7 Comments)
The Greene Room
MWC Winners and Losers: Week 13
The Kats Report
If the message is 'rock out,' then KISS is indeed a message band (1 Comment)
Could a savior of shuttered Las Vegas Art Museum be ... Peter Max? (6 Comments)
For Paul Stanley and KISS, rock and roll is not over (6 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Calendar »
- 30 Mon
- 1 Tue
- 2 Wed
- 3 Thu
- 4 Fri
-
DJ showdown at Prive
Prive | 10 p.m. to 11:59 p.m.
-
Rok Box with Mike Carbonell at Tabu
Tabú Ultralounge | 10 p.m. to 11:59 p.m.
-
DJ Riz at Jet
Jet | 10 p.m. to 11:59 p.m.
-
Football specials at Diablo's
Diablos Cantina
The Sun
Locally owned and independent for more than 50 years.
