OTHER NEWS - June 9, 1994
From Times Staff and Wire Reports
NME Acquisition Discounted: Rumors swirled through the stock market that National Medical Enterprises Inc. would acquire American Medical Holdings Inc., but analysts and sources familiar with the situation discounted the talk. Both Santa Monica-based NME, which owns and operates acute care and psychiatric hospitals, and AMI, a Dallas-based operator of acute care hospitals, declined to comment. Earlier in the day, traders said American Medical’s stock rose sharply on rumors that NME would acquire the company for $35 a share, or $2.7 billion. National Medical stock closed off 12.5 cents at $16.625. American Medical rose $1.125 to $25.25.
