MICRO BIO-MEDICS, INC. CONCLUDES ACQUISITION OF HARRISBURG HEALTHCARE, INC. SUBSIDIARY OF MEDIQ, INC.
PELHAM MANOR, N.Y., March 30 /PRNewswire/ -- Micro Bio-Medics, Inc. (NASDAQ: MBMI), a leading supplier of physician, hospital and sports medicine supplies, has concluded its acquisition of Harrisburg Healthcare, Inc., a wholly owned subsidiary of Mediq, Incorporated (AMEX: MED) for a combination of cash and common shares, Bruce J. Haber, president of Micro Bio-Medics, announced today. Harrisburg Healthcare, Inc., based in Harrisburg, Pa., with annualized sales of approximately $3 million, is a distributor of physician and nursing home supplies servicing the Eastern Pennsylvania, Philadelphia and Baltimore Metropolitan markets. Mr. Haber said, "This first step in our plan to expand our Caligor division's operations beyond the New York Tri-State Metropolitan Area adds a major segment of the Northeast corridor which we can serve from our Pelham Manor warehouse. We have become the largest supplier of physician and hospital supplies in the New York area and it is our goal to achieve a dominant position in the new markets that we will be entering." -0- 3/30/93 /CONTACT: Bruce J. Haber, president of Micro Bio-Medics, Inc., 914-738-8400, ext. 704/ (MBMI)
CO: Micro Bio-Medics, Inc. ST: New York IN: HEA SU: TNM
AH-SM -- NY041 -- 0993 03/30/93 11:21 EST
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|Date:||Mar 30, 1993|
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