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CHARTER MEDICAL BEGINS TRADING; COMMON SHARES ON THE AMERICAN STOCK EXCHANGE; COMPANY COMPLETES PREPACKAGED BANKRUPTCY REORGANIZATION

 CHARTER MEDICAL BEGINS TRADING; COMMON SHARES ON THE AMERICAN STOCK
 EXCHANGE; COMPANY COMPLETES PREPACKAGED BANKRUPTCY REORGANIZATION
 NEW YORK, July 22 /PRNewswire/ -- Charter Medical Corporation, of Macon, Ga., today began trading on the American Stock Exchange with the common stock opening at 7-3/4 on 100 shares. The stock trades on a when-issued basis under ticker symbol "CMD". Goin & Company is the company's specialist unit.
 Charter Medical Corporation is an international healthcare company involved primarily in the operation of hospitals. The company currently operates 93 psychiatric and general hospitals -- including residential treatment centers -- with over 9,000 licensed beds, in the United States and Europe.
 According to William A. Fickling, president and CEO, "We're very pleased to have been accepted for listing on the American Stock Exchange."
 The company said that documentation for the exchange of old securities for new securities will be promptly mailed to security holders.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 7/22/92
 /CONTACT: Paul D. Nobile of Equities Communications, 212-306-2028, for Charter Medical/
 (CMD) CO: Charter Medical Corporation ST: Georgia IN: HEA SU:


SM -- NY062 -- 1901 07/22/92 12:21 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 22, 1992
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