Continental Home Healthcare Completes Acquisition of Mobility Plus.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--Aug. 16, 2000 Continental Home Healthcare Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist .) announced today that it has successfully completed its previously announced acquisition of all the assets of Mobility Plus of Las Vegas, Nevada, a home medical equipment rental and sale business with revenues greater than US$400,000 annually. The aggregate total cost of the acquisition was US$165,000, which included a cash payment of US$150,000 and the issuance of US$15,000 in common shares of Continental. Robert Thornton, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said that this transaction should have an immediate and positive impact on the revenues from the Las Vegas branch, as a significant percentage of the revenues will stem from the well established, high margin rental business operating within the casinos. He added that the Company welcomes the long term, experienced employees and principals of Mobility Plus. They will ensure a smooth and efficient integration process as well as continue to provide the high level of customer service associated with Continental's name. Continental Home Healthcare Ltd. acquires, consolidates, and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters, bathroom safety products, ambulatory aids, and aids for daily living sold to individuals and healthcare institutions. Branches are located in Glendale and Indian Wells, California Indian Wells is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), in between Palm Desert and La Quinta. As of the 2000 census, the city population was 3,816. It has the highest proportion of millionaires of any city in the United States. ; Las Vegas, Nevada; Penticton and Vancouver, British Columbia. The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT". The shares also trade on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . |
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