Article: Horizon Health Care Corporation and Ramsay Health Care, Inc. Announce the Sale of FPM Behavioral Health, Inc.

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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