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Article: Correction - Counsel Corporation Signs Letter of Intent to Sell Medidyne To Capstone Pharmacy Services Correction - Counsel Corporation Signs Letter of Intent to Sell Medidyne To Capstone Pharmacy Services.
- Article from:
- Business Wire
- Article date:
- May 22, 1996
CopyrightCOPYRIGHT 1996 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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TORONTO--(BUSINESS WIRE)--May 22, 1996--COUNSEL CORPORATION (TSE:CXS NASDAQ:CXSNF TSE:CXS NASDAQ:CXSNF) Counsel Corporation today announced that it has signed an agreement to sell the operating assets of MediDyne Corp., a New Jersey-based Medicare Part B company, to Capstone Pharmacy Services, Inc. (NASDAQ - DOSE (common stock), DOSEW (warrants).
Counsel, the largest shareholder of Capstone at approximately 25 percent, recently acquired MediDyne at the same time that Capstone acquired the IV business owned by an affiliate of MediDyne, and will sell MediDyne to Capstone. The closing of the acquisition, assuming closing conditions are satisfied, is targeted for the end ...