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Article: Horizon Health Care Corporation and Ramsay Health Care, Inc. Announce the Sale of FPM Behavioral Health, Inc.
- Article from:
- PR Newswire
- Article date:
- June 2, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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LEWISVILLE, Texas, June 2 /PRNewswire/ -- Horizon Health Corporation (Nasdaq: HORC) and Coral Gables, Florida-based Ramsay Health Care, Inc. (Nasdaq: RHCI) announced today that, effective June 1, 1998, Horizon acquired from Ramsay all the outstanding capital stock of FPM Behavioral Health, Inc. of Winter Park, Florida. The purchase price was $20,000,000 in cash, subject to certain post-closing adjustments. As a result of the acquisition, FPM Behavioral Health, Inc. has become a wholly-owned subsidiary of Horizon.
FPM provides managed behavioral health care services, employee assistance programs (EAP) and other related behavioral health care services to health ...
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