Printer Friendly

HEALTHINFUSION, INC. ANNOUNCES SIGNING OF MERGER AGREEMENT WITH TWO ARIZONA INFUSION COMPANIES

 HEALTHINFUSION, INC. ANNOUNCES SIGNING OF MERGER AGREEMENT
 WITH TWO ARIZONA INFUSION COMPANIES
 MIAMI, Jan. 27 /PRNewswire/ -- HealthInfusion, Inc. (NASDAQ-NMS: HINF) today announced that it has signed an agreement to acquire Southwest Specialty Compounding, Inc. and Housecalls Home IV Therapy, Inc. of Phoenix, Ariz. Consummation of the merger agreement is contingent upon certain conditions, including completion of due diligence, receipt of audited financial statements and final approval of HealthInfusion's board of directors.
 Southwest Specialty Compounding, Inc. and Housecalls IV Therapy, Inc. provide home infusion therapies in the metropolitan area of Phoenix. Revenues for 1991 are anticipated to be between $5 and $6 million. Terms of the agreement were not disclosed.
 Miles Gilman, president and CEO, stated, "This transaction, when consummated, gives HealthInfusion access to an area not previously serviced by the company and strengthens our commitment of establishing a national presence in the home infusion therapy industry. We are also pleased to announced the opening, within the past two months, of new facilities in Youngstown, Ohio and Egg Harbor, N.J."
 HealthInfusion provides home infusion therapy services and supplies to patients in their homes in 20 states from 16 regional facilities in Florida, Georgia, Illinois, Indiana, New York, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania and Texas.
 -0- 1/27/92
 /CONTACT: Miles Gilman, president and CEO of HealthInfusion, 305-267-1177/
 (HINF) CO: HealthInfusion, Inc.; Southwest Specialty Compounding, Inc.;
 Housecalls Home IV Therapy, Inc. ST: Florida, Arizona IN: HEA SU: TNM


AW-JJ -- FL003 -- 3781 01/27/92 13:01 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 27, 1992
Words:248
Previous Article:OREGON STEEL MILLS ANNOUNCES DISCUSSIONS WITH CF&I
Next Article:COLONIAL GROUP DECLARES DIVIDEND
Topics:


Related Articles
HEALTHINFUSION, INC. ANNOUNCES AGREEMENT TO ACQUIRE HEALTH QUEST INFUSION THERAPY, INC.
HEALTHINFUSION, INC. ANNOUNCES THE FIRST ACQUISITION TOWARDS ITS NEW DIALYSIS DIVISION
USA HEALTH ENTERS MERGER NEGOTIATIONS
MEDMARCO, INC. ANNOUNCES SIGNING OF OXYCARE ACQUISITION
OPTION CARE ANNOUNCES ACQUISITION; ACQUIRES A RESPIRATORY THERAPY AND DME PROVIDER ENHANCES ONE-STOP FULL SERVICE IN BULLHEAD CITY, ARIZONA
OPTION CARE ANNOUNCES ACQUISITION; ACQUIRES AMBULATORY INFUSION CENTER IN HOUSTON, TEXAS MARKET
Vitalink Announces Effectiveness Of Registration Statements
Integrated Health Services Settles Break-Up Expenses with Coram Healthcare
GranCare Reaches Accord with Vitalink and Manor Care

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters