|
|
Article: Horizon Health Corporation and Ramsay Health Care, Inc. Announce the Signing of a Definitive Agreement Concerning FPM Behavioral Health, Inc.
- Article from:
- Business Wire
- Article date:
- May 1, 1998
CopyrightCOPYRIGHT 1998 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)
|
LEWISVILLE, Texas--(BUSINESS WIRE)--May 1, 1998--Horizon Health Corporation (Nasdaq/NM:HORC) and Coral Gables, Florida-based Ramsay Health Care, Inc. (Nasdaq:RHCI) announced today that they had signed a definitive agreement under which Horizon Health Corporation will acquire FPM Behavioral Health, Inc., a wholly owned subsidiary of Ramsay Health Care, Inc. The definitive agreement contemplates a stock purchase in which Horizon will acquire all the issued and outstanding capital stock of FPM Behavioral Health, Inc. The purchase price is $20,000,000 payable in cash, subject to certain post-closing adjustments. As a result of the transaction, FPM Behavioral Health, Inc. ...