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UNITED MEDICAL UNIT TO ACQUIRE STRENGTH TRAINING EQUIPMENT COMPANY

 HADDONFIELD, N.J., Feb. 1 /PRNewswire/ -- United Medical Corporation (AMEX: UM) of Haddonfield announced today that its operating unit, Trotter, has entered into an Asset Purchase Agreement providing for the purchase of the fitness and physical rehabilitation products division of Pyramid Enterprises of Pennsylvania, Inc.
 Terms of the transaction were not disclosed. The closing of the acquisition, which is subject to various contingencies, is expected to occur within one week.
 Trotter manufactures and sells motorized treadmills for consumer and commercial use. The division to be acquired by Trotter specializes in strength training equipment, and constitutes an expansion of the product lines offered by Trotter.
 United Medical previously announced that its board of directors has authorized, subject to shareholder approval, the acquisition, through a merger transaction, of all of its outstanding common stock, other than shares owned by its principal shareholders, for $9.50 per share, payable in cash. United Medical said it contemplates that a special shareholders meeting to consider such stock acquisition will be held within 90 days.
 /delval/
 -0- 2/1/93
 /CONTACT: Deborah McKeever of United Medical, 609-354-2200/


CO: United Medical Corporation; Pyramid Enterprises of Pennsylvania,
 Inc. ST: Pennsylvania IN: SU:


MJ-CC -- PH032 -- 1428 02/01/93 13:37 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:203
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