ATI Medical Stockholders Approve Sale of Company

The proposed $22-million purchase of ATI Medical Inc. by a unit of Mediq Inc. has been approved by a majority of ATI’s stockholders.

ATI, with executive offices in Glendale and Las Vegas, rents medical equipment to hospitals. Its proposed buyer is Mediq/PRN Life Support Services Inc., which also provides medical-equipment rentals.

The proposal, which was first announced in December, calls for Mediq/PRN to pay $4 for each of ATI’s 5.5 million common shares outstanding.