Complete Management announces termination of merger discussions with Amedisys.NEW YORK--(BUSINESS WIRE)--March 17, 1997--Complete Management Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : 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. ) reported today that it has terminated the previously announced discussions with Amedisys Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). : AMED AMED Allied and Alternative Medicine (database / base de donnée) AMED Association for Management Education and Development AMED Army Medical (US Army) AMED Army Medical Department ) looking toward a merger of the two companies. Steven Rabinovici, chairman and chief executive officer of CMI, stated, "Negotiations to acquire Amedisys have been terminated because of the failure of the parties to reach agreement on various terms, including price. Termination of negotiations will permit CMI to more effectively focus on the backlog of transactions that it is considering that are close to its core business. I believe that this decision will have a positive impact on CMI's 1997 fiscal performance due to the large number of opportunities before the Company." CMI is a physician practice management company that offers a broad range of management and support services to medical practices and hospitals in New York List of hospitals in New York (U.S. state), sorted by hospital name. A to H
CONTACT: Complete Management, Inc. Steven Rabinovici/Arthur Goldberg 212/273-0600 or Martin E. Janis & Company, Inc. Beverly Jedynak 312/943-1100 |
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