Court Agrees to Arbitration Between Heritage SW Medical Group and Texas Blue Cross and Others

Apr 19, 2001, 01:00 ET from Heritage South West Medical Group

    DALLAS, April 19 /PRNewswire Interactive News Release/-- Heritage South
 West Medical Group (HSWMG) announced today that it has reached a settlement
 with Texas Blue Cross and others, which HSWMG believes will resolve the filing
 of an involuntary bankruptcy petition.
     The settlement agreement will provide HSWMG with the opportunity to
 demonstrate that the involuntary petition was not appropriate and constituted
 an unwarranted litigation tactic.  Approved by the court, the agreement will
 allow HSWMG to continue to operate its business and pursue its claims against
 Texas Blue and others.  The settlement provides for a 150-day period to
 arbitrate the disputes with Texas Blue and other parties in accordance with
 the arbitration provisions of the agreements between HSWMG, Texas Blue Cross
 and others.
     HSWMG looks forward to the resolution of this complex issue and will
 continue to operate in the normal course of business while these issues are
 resolved.
 
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SOURCE Heritage South West Medical Group
    DALLAS, April 19 /PRNewswire Interactive News Release/-- Heritage South
 West Medical Group (HSWMG) announced today that it has reached a settlement
 with Texas Blue Cross and others, which HSWMG believes will resolve the filing
 of an involuntary bankruptcy petition.
     The settlement agreement will provide HSWMG with the opportunity to
 demonstrate that the involuntary petition was not appropriate and constituted
 an unwarranted litigation tactic.  Approved by the court, the agreement will
 allow HSWMG to continue to operate its business and pursue its claims against
 Texas Blue and others.  The settlement provides for a 150-day period to
 arbitrate the disputes with Texas Blue and other parties in accordance with
 the arbitration provisions of the agreements between HSWMG, Texas Blue Cross
 and others.
     HSWMG looks forward to the resolution of this complex issue and will
 continue to operate in the normal course of business while these issues are
 resolved.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X95475884
 
 SOURCE  Heritage South West Medical Group