Albuquerque Journal (Albuquerque, NM)

LifeCourse To Inject More Cash.(Business)

Byline: Winthrop Quigley Journal Staff Writer

* State says Farmington-based HMO slipped below net worth requirements

Partners in Farmington-based HMO LifeCourse Health Plans will invest more money in the company to bring it back into compliance with state regulations, a company official said Wednesday.

LifeCourse, whose health maintenance organization has about 2,800 members in San Juan County, is required by the state insurance division to maintain a net worth of $1 million; but it had a net worth of $389,000 as of Sept. 30, according to a letter sent by the division to LifeCourse Nov. 21.

Net worth is the difference between a company's assets and its liabilities. …

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