Extendicare, ALC merge.Shareholders of Dallas-based Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Concepts Inc., (ALC (Assembly Language Coding) A generic term for IBM mainframe assembly languages. 1. ALC - Assembly Language Compiler. 2. ALC - Airline Line Control. ) approved a $278 million merger with Markham, Ontario-headquartered Extendicare Inc., the companies reported in early February. Under the deal, Extendicare acquired all outstanding shares of ALC at $18.50 per share, for approximately $129.5 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Extendicare. The Canada-based long term care facility operator also gains ALC's 177 assisted living facilities in 14 states. Before the merger, ALC was the nation's sixth-biggest assisted living facility chain, according to the Assisted Living Facility of America. Extendicare, which now has 440 such facilities across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , was ranked 23rd. |
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