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BRIEFLY

Avon agreed to acquire a nursing home operator.

January 24, 1986

Avon Products said it would pay at least $220 million for Wellesley, Mass.-based Mediplex Group, which operates 11 nursing homes and manages three alcohol- and drug-abuse treatment facilities. Mediplex also provides consulting services, develops health-care facilities and plans to manage a psychiatric care hospital opening next month. New York-based Avon, a major cosmetics and toiletries firm, has been restructuring in recent years to focus on its beauty and health-care businesses.

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