TriCare Acquisition: TriCare Inc., an occupational health-care...

TriCare Acquisition: TriCare Inc., an occupational health-care services company in Irvine, said it has signed a letter of intent to acquire an unidentified vocational rehabilitation company. In a stock swap valued at more than $2 million, TriCare said it will acquire all of the company’s outstanding stock in exchange for about 2.5% of TriCare’s 5 million shares of common stock outstanding. The acquisition, expected to close in January, will provide a vehicle for TriCare to enter the lucrative vocational rehabilitation market, which is estimated in excess of $300 million, said Lawrence Wasserman, TriCare’s chief financial officer. Dan Oakland, a TriCare executive vice president, will be responsible for the company’s new vocational rehabilitation division, which provides programs to retrain injured workers in other skills to get them back into the job market, he said.