OTHER NEWS - Dec. 11, 1992
From Times Staff and Wire Reports
Curaflex Health Services to Buy Clinical Homecare: Curaflex Health Services Inc. said it intends to acquire Clinical Homecare Ltd. for stock valued at about $39 million. Curaflex is based in Ontario and Clinical Homecare in Fairfield, N.J. Both companies are national providers of infusion therapy to patients in their homes and other alternate sites. Under the agreement, Clinical Homecare holders will receive 0.43 shares of Curaflex common stock for each share of Clinical Homecare stock. There will be about 12.2 million shares of Clinical Homecare stock outstanding on a fully diluted basis at closing, which is expected in the first quarter of 1993, Curaflex said.
