Genesis Health Ventures resolves dispute with Adult Communities Total Services.KENNETT SQUARE, Pa.--(BUSINESS WIRE)--Dec. 16, 1994--Genesis Health Ventures Inc. (NYSE NYSE See: New York Stock Exchange :GHV GHV Genesis Health Ventures, Inc. GHV Gross Heating Value (relationship between volume and corresponding amount of energy for gas) ) and Adult Communities Total Services Inc. (ACTS) Friday announced that they have reached an agreement to resolve disputes that had previously developed between them in the spring of 1994. The disputes between ACTS and Genesis Management Resources Inc. (GMR (Giant Magnetoresistance) See magnetoresistance. ), then doing business as Total Care Systems Inc., culminated in an exchange of letters in which each party stated that the other was is default of certain respective responsibilities under the Development and Management Agreement under which GMR provides management services to 15 life care communities owned by ACTS. As a result of today's settlement, the concerns named in the respective default letters have been adequately resolved, and the default letters have been withdrawn. Today's settlement also extends to a federal suit involving GMR and Reverend Richard S Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a . Coons, chairman of ACTS. The suit and Reverend Coons' counterclaims have been withdrawn. "This resolution will allow both organizations to proceed with the implementation of ACTS' goals and policies," stated Michael R. Walker, Genesis chairman and chief executive officer and Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs A. Dunn III, vice chairman of the ACTS board of directors. "In turn, ACTS residents will benefit through improved residential and healthcare services under the remaining term of the management contract." CONTACT: Genesis Health Ventures, Kennett Square George V George V, king of Great Britain and Ireland George V (George Frederick Ernest Albert), 1865–1936, king of Great Britain and Ireland (1910–36), second son and successor of Edward VII. . Hager Jr., 610/444-6350 |
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