Care Group to acquire nursing agency; Third acquisition in past 60 days.Group Inc. (NASDAQ/NMS:CARE) today announced that it had reached an agreement in principle to purchase Bellmore Nurses Agency of Bellmore, NY. Bellmore provides home health care services throughout Queens and Nasaau Counties. In making the announcement, Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. T. Mittasch, Care Group President, said, "This acquisition, our third within the past 60 days, reinforces our strategic plan to grow externally with a long-term goal of $100 million in revenues by 1997 year-end." Mittasch added, "With its solid based of revenues, Bellmore will enable The Care Group's 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 operation to accelerate its growth by extending the company's coverage in the Metropolitan New York area. Importantly, it will provide additional revenues to the existing base while giving effect to certain economies of scale." Recently, The Care Group announced agreements to purchase Therapeutic Innovations Inc. of Houston and Peachtree Medical of Marietta, Ga. These three acquisitions are a series of proposed purchases that will be taking place throughout the remainder of 1995 and into 1996 and currently represent revenues that exceed 10 percent of the company's present revenue base. The company is one of the three dozen largest home health care companies in the country with offices coast-to-coast. The Care Group is engaged in high-tech home health care. The Care Group's nursing and pharmaceutical division provides home and alternative site care through its branch network located in Atlanta; Austin, Texas; Dallas; Houston; Long Island, NY; Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , and 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. . The Home Medical Equipment and Diagnostic Services diagnostic services, n.pl the imaging and laboratory capabilities available for determining the cause of an illness. Division's national sales force markets therapeutic and diagnostic modalities Modalities The factors and circumstances that cause a patient's symptoms to improve or worsen, including weather, time of day, effects of food, and similar factors. utilized at home, in the hospital or in alternative sites. CONTACT: The Care Group Pat Celli, 800/999-0576 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Les Schupak, Joseph Mansi, 212/682-6300, ext. 207/205 |
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