Printer Friendly

UNITED MEDICORP ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 DALLAS, Feb. 23 /PRNewswire/ -- United Medicorp, Inc. (Dow Jones ticker symbol - "UMCI") today announced the completion of a private placement of its common stock to U.S. and institutional offshore investors. Approximately 3.28 million shares were sold at a price of $.35 per share, raising about $1.14 million in new equity after expenses.
 Eugene W. Aune, president and chief executive officer of United Medicorp, stated, "We are very pleased with the additional investment we have received. This additional capital will position UMC to complete the turnaround plan which we embarked on in March 1992."
 United Medicorp provides third party healthcare claims processing, management, collection, and accounting services for hospitals throughout the United States.
 -0- 2/23/93
 /CONTACT: Pete Seaman, chief financial officer of United Medicorp, Inc., 214-360-5262/
 (UMCI)


CO: United Medicorp, Inc. ST: Texas IN: HEA SU:

SH -- NY030 -- 9315 02/23/93 10:06 EST
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:Feb 23, 1993
Words:149
Previous Article:PANHANDLE EASTERN PIPE LINE $200 MILLION SHELF RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:UNITED MEDICORP ANNOUNCES SETTLEMENT OF LEASE OBLIGATIONS
Topics:


Related Articles
UNITED MEDICORP ANNOUNCES FUNDING AND APPOINTMENT OF NEW CHIEF EXECUTIVE
UNITED MEDICORP ANNOUNCES NEW CONTRACTS
UNITED MEDICORP, INC. REPORTS FIRST QUARTER RESULTS
UNITED MEDICORP ANNOUNCES NEW CONTRACTS
UNITED MEDICORP, INC. ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
UNITED MEDICORP REPORTS SECOND QUARTER RESULTS
UNITED MEDICORP ANNOUNCES ACQUISITION OF STERLING HOSPITAL SYSTEMS
UNITED MEDICORP, INC. ANNOUNCES FIRST QUARTER RESULTS
UNITED MEDICORP RAISES $1.115 MILLION THROUGH PRIVATE OFFERING
RESPECTED HEALTHCARE EXECUTIVE MICHAEL O'BOYLE NAMED TO UNITED MEDICORP BOARD OF DIRECTORS

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