Business

Oxford CEO could get big payment

NEWS IN BRIEF — Posted June 7, 2004

Print  |   Email  |   Respond  |   Reprints  |   Like Facebook  |   Share Twitter  |   Tweet Linkedin

The CEO of Oxford Health Plans stands to receive about $5.5 million in cash and stock as severance pay if his company is acquired by Minnesota-based UnitedHealth Group, even though Berg won't be out of a job if the deal is done.

The Hartford Courant reports that Charles G. Berg, who is slated to become the head of United's Northeast region once Trumbull, Conn.-based Oxford is acquired, will get nearly $3 million in cash plus 72,5000 shares of United restricted stock as part of the acquisition. His yearly base salary with United will be $825,000.

United announced plans to buy Oxford in April for about $5 billion in cash and stock. The deal must be approved by state and federal regulators.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/06/07/bibf0607.htm.

Back to top


ADVERTISEMENT

ADVERTISE HERE


Featured
Read story

Confronting bias against obese patients

■ Medical educators are starting to raise awareness about how weight-related stigma can impair patient-physician communication and the treatment of obesity. Read story


Read story

Goodbye

■ American Medical News is ceasing publication after 55 years of serving physicians by keeping them informed of their rapidly changing profession. Read story


Read story

Policing medical practice employees after work

■ Doctors can try to regulate staff actions outside the office, but they must watch what they try to stamp out and how they do it. Read story


Read story

Diabetes prevention: Set on a course for lifestyle change

■ The YMCA's evidence-based program is helping prediabetic patients eat right, get active and lose weight. Read story


Read story

Medicaid's muddled preventive care picture

■ The health system reform law promises no-cost coverage of a lengthy list of screenings and other prevention services, but some beneficiaries still might miss out. Read story


Read story

How to get tax breaks for your medical practice

■ Federal, state and local governments offer doctors incentives because practices are recognized as economic engines. But physicians must know how and where to find them. Read story


Read story

Advance pay ACOs: A down payment on Medicare's future

■ Accountable care organizations that pay doctors up-front bring practice improvements, but it's unclear yet if program actuaries will see a return on investment. Read story


Read story

Physician liability: Your team, your legal risk

■ When health care team members drop the ball, it's often doctors who end up in court. How can physicians improve such care and avoid risks? Read story

  • Stay informed
  • Twitter
  • Facebook
  • RSS
  • LinkedIn