NU Online News Service, June 22, 11:15 a.m. – Maxicare Health Plans Inc., Los Angeles, a managed care company that has been struggling for many years, says its common stock will be delisted from the Nasdaq National Market at the opening of business on June 25.
The company’s stock will begin trading on the Pink Sheets under the ticker symbol MAXIQ. Quotes and trading information can be accessed at http://www.pinksheets.com
Maxicare is current with its filings with the U.S. Securities and Exchange Commission, and it is hoping its stock will be quoted on the OTC Bulletin Board in the near future, the company says.
Maxicare is the parent company of a large California health maintenance organization that is now in Chapter 11 bankruptcy reorganization proceedings.
Maxicare itself is not a party to the bankruptcy proceedings, Maxicare says.