HEALTHINFUSION, INC. ANNOUNCES AGREEMENT TO ACQUIRE HEALTH QUEST INFUSION THERAPY, INC.
MIAMI, Sept. 9 /PRNewswire/ -- HealthInfusion, Inc. (NASDAQ-NMS: HINF) today announced that it has completed the acquisition of Health Quest Infusion Therapy, Inc., a home infusion therapy provider with three branches located in South Bend, Ind., Lansing and Detroit, Mich. Revenues for 1992 were approximately $6 million. Terms of the acquisition were not disclosed. Miles Gilman, president and CEO, stated, "This transaction, when completed expands HealthInfusion's network in the midwest. Founded in 1984, Health Quest, has built a reputation as a quality provider of home care. HealthInfusion will continue to build its service network through both strategic acquisitions such as Health Quest and the opening of new facilities in selected markets." HealthInfusion is a national provider of home infusion therapy services and supplies to patients in their homes in 24 states from 34 regional facilities located in Arizona, California, Florida, Georgia, Illinois, Indiana, Michigan, Maryland, New York, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania and Texas. -0- 9/9/93 /CONTACT: Miles Gilman, president and CEO of HealthInfusion, 305-267-1177/ (HINF)
CO: HealthInfusion, Inc.; Health Quest Infusion Therapy, Inc. ST: Florida IN: HEA SU: TNM
RC-MM -- FL010 -- 0183 09/09/93 09:37 EDT