COMPLETE MANAGEMENT, INC. ANNOUNCES ACQUISITION OF MEDICAL PRACTICE.NEW YORK--(BUSINESS WIRE)--April 10, 1996--COMPLETE MANAGEMENT, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Nasdaq NM: CMGT) today announced that its principal medical practice client (Greater Metropolitan Medical Services) had entered into a letter of intent to acquire the practice of two Board Certified board certified, adj the status of a dental specialist such as an orthodontist who has become a board diplomate by successfully completing the certification program of the recognized certification board in that area of practice. neurologists with offices in the boroughs of the Bronx and Queens in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Complete Management arranged the transaction, will provide financing for its client, and will assume the administrative management of these additional offices. The letter of intent is subject to various conditions. The closing of this transaction is expected within sixty days. Steven Rabinovici, 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. and Chairman of the Board, stated, "This acquisition is an important step in implementing our business plan to assist our clients in acquiring medical practices, thus expanding the client base to which we provide medical management services under long-term contracts. We also continue to seek to acquire other medical service businesses. This acquisition represents the first of what we expect will be on-going acquisition activity. The new offices are expected to generate additional management fees of approximately $700,000 to $1,000,000 per year." Complete Management offers a broad range of management and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to medical practice groups and hospitals in the greater New York City metropolitan area with a particular specialty in injury-related medical cases. CONTACT: Steve Rabinovici Chief Executive Officer and Chairman (212) 868-1188 or Arthur Goldberg Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (212) 868-1188 or Keith Lippert/Julie Vicelja Lippert/Heilshorn & Associates, Inc. (212) 838-3777 |
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