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Article: Alternative Health Care Systems announces stock purchase agreement.
- Article from:
- PR Newswire
- Article date:
- May 10, 1989
CopyrightCOPYRIGHT 1989 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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ALTERNATIVE HEALTH CARE SYSTEMS ANNOUNCES STOCK PURCHASE AGREEMENT
NAUGATUCK, Conn., May 10 /PRNewswire/ -- Alternative Health Care Systems, Inc. (NASDAQ: AHCS) of Naugatuck announced today a definitive stock purchase agreement signed between the company and Interbank Financial Corporation to sell the company's 51 percent interest in Columbia for a nominal amount. The Interbank Financial Corporation has agreed with the insurance commissioner of Pennsylvania to provide $4-$5 million of surplus to Columbia ...