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Article: CareGuide Announces Completion of Acquisition of Haelan Corporation.
- Article from:
- Business Wire
- Article date:
- December 11, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Doctors Meek and Barber Join CareGuide Leadership Team
CORAL SPRINGS, Fla. -- CareGuide, Inc. (OTCBB:CGDE), a national disease and healthcare management company, today announced that it has completed its previously announced acquisition of Haelan Corporation, a privately held health improvement solutions company based in Indianapolis, Indiana, for $1.5 million in cash and the issuance of three-year convertible promissory notes to Haelan securityholders in the aggregate principal amount of up to $6.5 million. In addition, CareGuide will pay to Haelan's securityholders up to an additional $3.0 million, a portion of which may be paid by CareGuide in shares of its ...
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