Printer Friendly

CARETENDERS CONCLUDES SALE OF UNIT TO HANGER

 CARETENDERS CONCLUDES SALE OF UNIT TO HANGER
 LOUISVILLE, Ky., April 2 /PRNewswire/ -- Caretenders HealthCorp


(NASDAQ: CTND) announced that it has concluded the sale of DOBI-Symplex, an Orlando, Florida, central fabricator of braces and orthotics, to Hanger Orthopedic Group, Inc. (AMEX: HGR), Bethesda, Maryland, one of the largest orthotics and prosthetics companies in the U.S. The total purchase price of $3.5 million is comprised of $3 million in cash and $500,000 in Hanger common stock.
 William Yarmuth, Caretenders President, said the proceeds from the sale will be used to retire part of a note owed to Swiss investors that matures June 30, 1992.
 Yarmuth also said Caretenders and Hanger will continue to consider mutual business opportunities.
 Caretenders HealthCorp provides comprehensive home health care and adult day care services in several major markets in the eastern United States.
 -0- 4/2/92
 /CONTACT: John Yarmuth, Caretenders HealthCorp, 502-425-4707/
 (CTND HGR) CO: Caretenders HealthCorp; Hanger Orthopedic Group, Inc. ST: Kentucky, Maryland IN: HEA SU:


JZ -- CH004 -- 4227 04/02/92 09:15 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:Apr 2, 1992
Words:173
Previous Article:PRO-DEX INC. FILES AMENDMENT TO REGISTRATION STATEMENT
Next Article:COLLECTIVE BANCORP DECLARES REGULAR QUARTERLY CASH DIVIDEND
Topics:


Related Articles
CARETENDERS PROJECTS BENEFITS FROM HEALTHSOUTH DEAL
CARETENDERS AGAIN REPORTS RECORD REVENUES, OPERATING PROFITS
CARETENDERS AGAIN REPORTS RECORD REVENUES, OPERATING PROFITS
CARETENDERS HEALTHCORP AGREES TO SELL DOBI-SYMPLEX TO HANGER ORTHOPEDIC
CARETENDERS HEALTHCORP ANNOUNCES TWO ACQUISITIONS
CARETENDERS HEALTHCORP ANNOUNCES EARNINGS
CARETENDERS HEALTHCORP SELLS HEALTHCARE REVIEW TO NATIONAL HEALTH SERVICES, INC.
CARETENDERS' QUARTERLY INCOME UP 123%
CARETENDERS HEALTHCORP ANNOUNCES AGREEMENT WITH COLUMBIA/HCA

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