ORANGE COUNTY NEWS
From Times Staff and Wire Reports
Abbey Offers Stock: Abbey Healthcare Group Inc. of Costa Mesa said Friday that after Feb. 26 it will offer 3.8 million shares in its first sale of stock to the public. Abbey, a supplier of home health-care services and products, told the Securities and Exchange Commission recently that it would try to sell the shares at $15 to $17 each. That would make the offering worth $57 million to $65 million. Of the 3.8 million shares, 2.5 million are being sold by the company and 1.3 million by stockholders. Costa Mesa-based Abbey provides a broad range of respiratory therapy services, home medical and rehabilitation equipment.
