Secomerica to Acquire 55% of Care Visions

Secomerica Inc. said Wednesday it has tentatively agreed to acquire a majority interest in Care Visions Corp., a Santa Ana-based pediatric health firm that provides services for medically dependent children through its Kangaroo Kids center.

Under the proposed transaction, Secomerica, Newport Beach, will pay about $2.8 million for 55% of the shares of Care Visions Corp., which also provides home nursing and home infusion therapy to about 100 children throughout Southern California.

Secomerica President and Chief Executive Officer Michael S. Kaye said the deal will mean the development of other Kangaroo Kids centers in major cities throughout the nation. The company plans to spend several million dollars.