American Health Systems Inc. Acquires Pacific Health HMO Inc.IRVINE, Calif.--(BW HealthWire)--Nov. 18, 1998--James L. Graf, president, announced today that American Health American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHSY) has completed the acquisition of a 95% equity interest in Pacific Health HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, Inc. Pacific Health is a licensed HMO operating in Ventura, Los Angeles, San Bernardino, Riverside and Orange counties in California The U.S. state of California is divided into fifty-eight counties. Counties are responsible for all elections, property-tax collection, maintenance of public records such as deeds, and local-level courts within their borders, as well as providing law enforcement (through the county . The $10,500,000 acquisition is awaiting approval by the state of California and was approved by the shareholders of Greater Pacific and its board of directors. Howard Kovoussi, M.D., founder of Pacific Health, has been elected to the board of directors of American Health. In addition to James Graf and Kovoussi, William Kokott, Judith Ann Kamlin and Vini Vini is a genus of birds endemic to the islands of the tropical Pacific. They are five extant species of these small lorikeets ranging from across Fiji, Samoa French Polynesia, and as far east as Henderson Island. A. Patel, M.D., have been elected to the board of directors of American Health. For further information please contact: RB Capital & Equities Inc., Gary DeGano, 619/618-1710. This press release may consist of forward-looking statements that involve risks and uncertainties. Such statements are subject to risks and uncertainties that could cause the actual results to differ materially. Readers are referred to the documents filed by Golden Age Homes Inc. with the Securities and Exchange Commission. |
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