Printer Friendly

INFOMED HOLDINGS, INC. TENDER OFFER EXPIRES

 PRINCETON, N.J., Aug. 30 /PRNewswire/ -- InfoMed Holdings, Inc. (IHI) today announced that at 11:59 p.m. on Thursday, Aug. 26, 1993, the exchange offers for the equity securities of Script Systems, Inc. (NASDAQ: SCPT) and InfoMed, Inc., a privately held company, had expired.
 Pursuant to the exchange offers, IHI was offering to exchange 0.4 of a share of IHI common stock for each share of Script common stock and 139,737 shares of IHI common stock for all 67,500 shares of Script Series B preferred stock. IHI was also offering to exchange 2.72 shares of its common stock for each share of InfoMed common stock, 370,784 shares of IHI common stock for all 10,000 shares of InfoMed Class A preferred Stock and 3.2 shares of IHI common stock for each share of InfoMed Class B preferred stock. Based on a preliminary count, the following shares were tendered pursuant to the exchange offers: 1,331,487 shares of Script common stock; 67,500 shares of Script Series B preferred stock; 390,207 shares of InfoMed common stock; 10,000 shares of InfoMed Class A preferred stock; and 43,007 shares of InfoMed Class B preferred stock.
 On Aug. 27, 1993, all shares of Script common stock, Series B preferred stock, InfoMed common stock, InfoMed Class A preferred stock and InfoMed Class B preferred stock validly tendered and not withdrawn prior to the expiration of the exchange offers were accepted. IHI common stock will be issued in exchange for such shares and mailed out on or about Sept. 2, 1993. In addition, holders of the outstanding options and warrants for Script common stock and of the outstanding options and warrants for InfoMed common stock accepted the amendment of their options and warrants to become options and warrants for IHI common stock on the basis of the same exchange ratios as proposed for the Script common stock and InfoMed common stock, respectively. Following the exchange offers, IHI becomes a holding company for InfoMed and Script and will trade on the NASDAQ Small Cap listing under the symbol IMHI.
 InfoMed is a leading provider of management information systems for the home healthcare industry. Script is a leading supplier of management information systems for healthcare providers including group practices, clinics and hospital-based groups.
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any jurisdiction.
 -0- 8/30/93
 /CONTACT: Barrett C. O'Donnell, chairman of the board of InfoMed, 609-987-8181, or Sam Witchel of Scharff, Witchel & Co., Inc., 212-983-1060/
 (SCPT)


CO: InfoMed Holdings, Inc. ST: New Jersey IN: HEA SU: OFR

WB-SH -- NY042 -- 7089 08/30/93 12:32 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 30, 1993
Words:481
Previous Article:VAUGHN COMMUNICATIONS REPORTS SECOND QUARTER RESULTS
Next Article:NIELSEN MAKES SERVICES PACT WITH COCA-COLA SUBSIDIARY
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters