Century MediCorp Agrees to Buy MEDIQ Care Inc.

Century MediCorp in Los Angeles said Monday that it has signed an agreement to acquire Chatsworth-based MEDIQ Care Inc. for $5.45 million, including $4 million in cash and the remainder in Century MediCorp stock.

The acquisition, expected to be completed by Jan. 31, is being financed through a $4-million private placement of Century MediCorp common stock, the company said.

MEDIQ Care, a subsidiary of Pennsauken, N.J.-based MEDIQ Inc., manages units for hospitals for chronically ill patients.