Medicus Systems Corp. stockholders approved managed care business spinoff and merger.EVANSTON, Ill.--(BUSINESS WIRE)--Feb. 28, 1996--Medicus Systems Corp. (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 :MECS), a leading provider of healthcare decision support systems and related services, which previously announced its intention to separate its managed care business, announced that its stockholders approved the spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company. Notes: Spinoffs may be done through a rights offering. at the company's annual meeting held today. The stockholders also approved the definitive merger agreement of its managed care business with Ventana Health Systems Inc., Arizona Health Concepts Inc. and Managed Care Solutions Inc. In the spinoff, shares in a new corporation, which will be called Medicus Systems Corp. and will continue the company's software business, will be distributed, on a share-for-share basis, to stockholders of record as of the close of business on Feb. 29. Immediately after such distribution, there will be a one-for-three reverse stock split of the managed care company, followed by the merger. The name of the managed care business after the merger will be Managed Care Solutions Inc., and it is to be listed on the Nasdaq National Market under the symbol MCSX MCSX Multi-Configuration Single Excitation . All of these transactions are to be effective prior to the opening of business on March 1, 1996. Medicus Systems Corp. provides its customers with software and services to capture, structure and analyze information, enabling them to measure and manage organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, to optimize optimize - optimisation outcomes. For further information about Medicus Systems Corp., contact Ralph Keiser at 512/261-7715 or Investor Relations Investor relations The process by which the corporation communicates with its investors. at 847/570-7539. CONTACT: Medicus Systems Corp., Evanston Ralph Keiser, 512/261-7715 Investor Relations, 847/570-7539 |
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