American Homepatient Inc. -- Counsel Corp.'s U.S. home health care operation declares 3-for-2 stock split.TORONTO--(BUSINESS WIRE)--April 3, 1996--Morris Perlis, president of Counsel Corp. (NASDAQ/TSE:CXSNF;CXS CXS Coherent X-Ray Scattering ), and chairman of American HomePatient Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AHOM), Wednesday announced that the board of directors of American HomePatient has declared a 3-for-2 stock split to be effected by the issuance of one-half share for each share of American HomePatient common stock owned by a shareholder as of the record date. The stock split will have a record date at the close of trading on April 18, 1996 and will be distributed to shareholders on May 2, 1996. American HomePatient has approximately 7.66 million shares outstanding. Perlis remarked, "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that American HomePatient's progress has enabled the board of declare this stock split. We believe that the additional shares outstanding will benefit stockholders by increasing the trading activity and liquidity of American HomePatient's shares." American HomePatient is one of the largest diversified providers of home health care services and equipment in the United States with 233 centres in 27 states. American HomePatient's primary product and service offerings include home respiratory services, home infusion, parenteral parenteral /pa·ren·ter·al/ (pah-ren´ter-al) not through the alimentary canal, but rather by injection through some other route, as subcutaneous, intramuscular, etc. par·en·ter·al adj. 1. and enteral nutrition Enteral nutrition Nourishment given through a tube or stoma directly into the small intestine, thus bypassing the upper digestive tract. Mentioned in: Electrolyte Supplements, Enterostomy, Necrotizing Enterocolitis and home medical equipment. Counsel Corp. has been active in the U.S. health care sector since 1983. In addition to its 41 percent interest in American HomePatient, it owns 29 percent of Capstone Pharmacy Services Inc. (NASDAQ:DOSE). Capstone is a leading provider of extended care institutional pharmacy services to nursing homes, correctional facilities and managed care organizations. It services clients throughout the United States. Counsel also owns 100 percent of MediDyne Inc., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based Medicare Part B company which supplies services to patients in long term care institutions. CONTACT: Counsel Corp., Toronto Morris Perlis, 416/866-3193 or Ivan Shaffer, 416/866-3187 |
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