UniHealth Might Purchase More PacifiCare Shares

UniHealth America, a Burbank-based nonprofit concern that owns hospitals and other health care organizations, said it might purchase up to 500,000 additional shares of PacifiCare Health Systems Inc., a Cypress-based health maintenance organization.

The purchase would raise UniHealth’s stake in PacifiCare from 58% to 62% of the total shares outstanding. However, that percentage could be affected by PacifiCare’s announcement last week that it might repurchase up to 500,000 shares of its common stock.

UniHealth said the stock purchase would be coordinated with PacifiCare’s, and would be made “when business conditions are favorable.”