Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

PlanVista Adds $129.5 Million To Stockholder Deficit

Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 26, 2003, 1:35 p.m. EST – PlanVista Corp., Tampa, Fla., says it has changed its official 2002 balance sheet and its official first quarter and second quarter balance sheets to increase its stockholder deficit by $129.5 million.[@@]

PlanVista, a company that sells support services to health plans, says it is increasing the stockholder deficit because it decided that it should put its Series C convertible preferred stock in the temporary equity section of the balance sheets rather than the permanent stockholder deficit section.

The change increases the company’s total stockholder deficit to $144 million, but it has no effect on the company’s operations, earnings or cash flows, PlanVista says.

PlanVista notes that it already has included the change in its balance sheets for the third quarter.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.