Coastal Healthcare Group acquires Health Enterprises, Inc.DURHAM, N.C.--(BUSINESS WIRE)--Nov. 2, 1994--Coastal Healthcare Group 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 :CGRP CGRP Calcitonin Gene-Related Peptide CGRP Controlled Goods Registration Program CGRP Coolant Group (TARTAR) CGRP Common Hardware Reference Platform ) announced today that it has closed on its acquisition of Health Enterprises Inc., a health services health services Managed care The benefits covered under a health contract company in Tallahassee, Florida For other uses, see Tallahassee (disambiguation). Tallahassee is the capital of the State of Florida and the county seat of Leon County. Tallahassee became the capital of Florida in 1824. As of 2006, the population recorded by the U.S. . The acquisition is a non-taxable merger and will be accounted for as a pooling-of-interests. In consideration for the transaction, Coastal will issue nearly 2,266,000 shares of common stock to Health Enterprise shareholders. The acquisition is expected to be non-dilutive in 1995. Coastal Healthcare Group Inc.-- The Physician Company, is the largest physician management company in the United States, and provides a broad range of health care and administrative services to physicians, hospitals, managed care programs and other health care providers. CONTACT: Coastal Healthcare Group, Inc. David H. Fater/Kenneth S. Dennard, 919/383-0355 |
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