CoMedco agrees to acquire Pahokee, Fla. medical practice.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Jan. 9, 1996--CoMedco Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). , Bulletin Board: CMDO CMDO Community Motivation and Development Organization (Peshawar, Pakistan) CMDO Canadian Maritime Defense Organization CMDO Contractor Managed Depot Operations ), a physician practice management company which acquires medical practices and specializes in providing healthcare and administrative services to physicians including centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. billing, collection, insurance filings and practice management today announced it has signed a letter of intent to acquire the practice and facilities of Dr. Bernardo B. Fernandez, a Pahokee, Fla. specialist in internal medicine. The acquisition is for an undisclosed amount of cash and CoMedco common stock. "We believe our expertise in the area of physician practice management will help us double the approximately $250,000 generated by Dr. Bernardo's practice," William M. Kirschner, chairman, said. "We will continue to make prudent acquisitions offering solid growth potential," he added. CONTACT: CoMedco Inc. William M. Kirschner, 407/997-6000 or Porter, Le Vay & Rose Inc., 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 Hal Le Vay, 212/564-4700 |
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