COHR Merges, Becomes Private Corporation

COHR Inc. of Chatsworth, which provides services and products to hospitals and other medical institutions, has announced that it merged with TCF Acquisition Corp. and is no longer a publicly traded company.

Under the merger agreement, shares of TCF stock became shares of COHR common stock. COHR common shares not already owned by TCF can be cashed for $6.50 each.

The owners of the merged company are Three Cities Offshore II C.V., a Netherlands Antilles partnership, and Three Cities Fund II, L.P., a Delaware limited partnership. Both are managed by Three Cities Research Inc. (TCR), an investment advisor.

“We are extremely pleased with the outcome of the merger and our change in status from a publicly held company to a private corporation,” said Raymond E. List, president and CEO of COHR.

“This opportunity will allow COHR to focus on long-term growth of its three core businesses--COHR MasterPlan, Purchase Connection and Pacific Health--and will further enhance the stability of the company.”