Counsel Corporation - Exercise of Special Warrants.TORONTO--(BUSINESS WIRE)--July 9, 1996--COUNSEL CORPORATION(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CXS CXS Coherent X-Ray Scattering 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 : CXSNF ) Counsel Corporation announced today that it has issued 4,000,000 Common Shares upon the exercise of previously issued special warrants. Silber Holdings Inc., a corporation controlled by Allan Silber, Counsel's Chairman and Chief Executive Officer, also sold 1,500,000 Common Shares of Counsel Corporation upon the exercise of previously issued special warrants of Silber Holdings Inc. The distribution of the Common Shares was qualified by a short form prospectus dated June 27, 1996. Counsel Corporation has been active in the U.S. health care sector since 1983. It is presently engaged in three health care segments, Home Health Care, Institutional Pharmacy and Specialty Pharmacy services. Its 27 percent-owned American HomePatient Inc. (NASDAQ:AHOM) is the third largest diversified home health care company in the U.S. Its primary lines of business include respiratory therapy respiratory therapy Medical profession concerned with assisting the respiratory function of individuals who have severe lung disorders. Practices include suctioning to clear secretions from the airway, use of aerosol mists (sometimes medicated) or gases to ease breathing, , infusion therapy and the sale and lease of medical equipment and supplies which are provided through 259 locations in 28 states. Counsel's 25 percent-owned Capstone Pharmacy Services, Inc. is a leading supplier of extended care pharmacy services to nursing homes, correctional facilities and HMOs. Counsel's 65 percent-owned Stadtlanders Pharmacy Services, Inc., which it recently agreed to acquire, manages the pharmaceutical needs of patients with high-risk, high-cost chronic medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. . It focuses in specific disease states such as organ transplant organ transplant: see transplantation, medical. , HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome , oncology and infertility. Utilizing next day express delivery services, it distributes prescription drugs to patients across the United States. Stadtlanders' services include managing insurance reimbursement benefits for patients and providing educational materials on specific disease states. CONTACT: Counsel Corporation, res/ent 416/866-3193 or Counsel Corporation Stephen Weintraub, 416/866-3058 |
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