Nu-Med Inc., an Encino hospital operator, agreed to sell four hospitals to a new company that would be owned mostly by Nu-Med’s employee stock ownership plan. The new company also agreed to acquire Medical Properties Inc., an Encino real estate concern that owns two hospitals currently leased to Nu-Med. Nu-Med would receive $210 million in the deal, while Medical Properties’ stockholders would get $9.66 a share, or $22.9 million. Medical Properties was formed by Nu-Med in 1986.
Nu-Med Inc., an Encino hospital operator, agreed...
For the record:
12:00 AM, Feb. 01, 1989