Big B, Inc. acquires Alabama Medical Services.BESSEMER, Ala.--(BUSINESS WIRE)--July 2, 1996--Big B, 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 :BIGB) today announced it has acquired Alabama Medical Services, Inc., a comprehensive, single source supplier of home medical equipment and related services. Alabama Medical Services, Inc. based in Montgomery, Ala. is a JCAHO JCAHO Joint Commission on Accreditation of Healthcare Organizations, see there accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. supplier of home medical equipment, respiratory therapy respiratory therapy Medical profession concerned with assisting the respiratory function of individuals who have severe lung disorders. Practices include suctioning to clear secretions from the airway, use of aerosol mists (sometimes medicated) or gases to ease breathing, equipment and other related services and products. The company serves patients throughout central and south Alabama South Alabama is a term used to describe various parts of southern Alabama. Its usage does not however reflect a strictly defined geographic region. The most general description of the area would be all Alabama counties south of the Black Belt. as well as the Florida panhandle. Alabama Medical employs over 50 individuals throughout four branches located in Montgomery, Opelika, and Birmingham, Ala. and Pensacola, Fla. Revenues for the fiscal year ended June 30, 1996 were approximately $8 million. Commenting on the transaction, Anthony J. Bruno, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Big B, Inc., stated, "The acquisition of Alabama Medical Services is consistent with our strategic initiative of expanding this segment of the business throughout our current marketing area thereby benefiting from an established referral base. The addition of Alabama Medical Services will compliment Big B's existing home health care operation and will allow us statewide access to Alabama, Georgia and Florida. With Alabama Medical and its excellent staff we will be well positioned to expand Big B's home care services and capitalize on growth opportunities throughout the southeast." Big B, Inc. headquartered in Bessemer, Ala., is the nation's tenth largest drugstore chain operating 383 drugstores and 10 home health care centers throughout the five state area of Alabama, Georgia, Florida, Tennessee, and Mississippi. CONTACT: Big B, Inc., Bessemer James Bruno, 205/424-3421, ext. 212 |
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