PRIME MEDICAL ANNOUNCES $20,000,000 FINANCING PROPOSAL INVOLVING DORNIER MEDICAL SYSTEMS, INC.
AUSTIN, Texas, Sept. 24 /PRNewswire/ -- Prime Medical Services, Inc. ("Prime") (NASDAQ Symbol: PMSI) announced today that it has a pending proposal with a financial institution, affiliated with Dornier Medical Systems, Inc., to provide Prime Medical a financing arrangement in the amount of $20,000,000. The financing will be available to Prime Medical for one year and may only be used to finance acquisitions of lithotripter facilities by Prime Medical that are approved by the financial institution. In connection with this financing, Prime Medical will commit to purchase lithotripsy equipment from Dornier that will also be financed by this financial institution. This financing is presently being reviewed and considered by this financial institution and is subject to the negotiation, preparation and execution of definitive agreements. Prime Medical Services, Inc. is in the business of providing non- medical management services to lithotripsy, diagnostic imaging and cardiac rehabilitation centers. -0- 9/23/93 /CONTACT: Ken Shifrin, chairman of the board, or Jackie Majors, president, 512/328-2892, both of Prime Medical Services, Inc./ (PMSI)
CO: Prime Medical Services, Inc.; Dornier Medical Systems ST: Texas IN: HEA SU: FNC
TM -- NY081 -- 5622 09/24/93 18:05 EDT
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|Date:||Sep 24, 1993|
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