Admar Group to Acquire Health-Care Company

The Admar Group Inc. said it will acquire a privately held, Torrance health-care management company in a cash-and-stock transaction worth $3.6 million. Admar, which operated a preferred provider organization, said the purchase of SelectCare Management Co. Inc. is expected to be complete within three months.

Orange-based Admar, which reported a net profit of $533,000 on $6.4 million in revenues for the nine months ended Oct. 31, said SelectCare--which has annualized revenues in excess of $1.5 million--will “complement” its existing operations.