Complete Management Inc. announces acquisition of nine-physician medical practice.NEW YORK--(BUSINESS WIRE)--May 23, 1996--Complete Management Inc. (AMEX AMEX See: American Stock Exchange : CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) today announced that it has signed a letter of intent to acquire the assets, and then manage, a 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. , nine-physician primary care and medical specialty practice. The closing of this transaction is subject to significant conditions including the negotiation and execution of definitive agreements. Steven Rabinovici, CEO and Chairman of the Board, stated, "This transaction is very significant to our business plan, which includes providing management services to high quality, board certified, New York State physicians. When this transaction is completed, the new practice is expected to generate management fees in excess of $4,000,000 per year." Complete Management is a physician practice management company that offers a broad range of management and support services to medical practice groups and hospitals in New York List of hospitals in New York (U.S. state), sorted by hospital name. A to H
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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