CDH to Merge With WHCA
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Women’s Health Centers of America has signed a definitive agreement with Chemical Dependency Healthcare of Laguna Niguel calling for CDH to be merged with the San Diego-based concern in exchange for new shares of WHCA stock.
As planned, the merger will take place concurrently with the raising of new capital through the sale of preferred stock. The new capital, combined with existing cash, will not total less than $1.5 million, WHCA said in a prepared statement. Existing shareholders of WHCA will own about 25% of the combined operation.
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