OTHER NEWS - Nov. 1, 1993
From Times Staff and Wire Reports
Medical Care America Inc. Rejects Offer: Company senior vice president Jonathan Bond would say only that the unsolicited buyout proposal from Nashville-based Surgical Care Affiliates, the nation’s second-largest outpatient surgery company, was not in the best interest of the company or its stockholders. Directors rejected the offer valued at about $950 million and are seeking other options, including other bids. Surgical Care Chairman Joel C. Gordon said he could not yet say whether he expects the deal to turn into a hostile takeover attempt. Dallas-based Medical Care America operates 91 outpatient surgery centers and 47 infusion therapy clinics.
