MedPartners founding CEO Larry House resigns as stock plummets. MedPartners announces it's getting out of the PPM business. California seizes MedPartners' contracting subsidiary, halting practice sales there. Back to top. For almost two years PhyCor has wiped out profit with charges against earnings to reflect declines in its physician practice management business.
All figures are in millions of dollars.
Back to top. Reduce the number of clinics it owns from 48 to 31 by the end of 2000. Negotiate deals to manage practices without owning their assets. Renegotiate lower fees with the company-owned practices it plans to keep. Develop joint ventures to offer ancillary services.