ORANGE — Quantum Health Resources Inc. said Wednesday that it intends to acquire Factor Care Plus Inc., a Tampa, Fla., company that specializes in home therapies and services for patients with hemophilia.
The Orange firm plans to acquire all outstanding shares of Factor Care Plus in exchange for 235,000 shares of its common stock, with a current value of about $6.2 million. The acquisition is expected to be completed early next month.
Quantum stock gained 50 cents Wednesday in over-the-counter trading, to close at $26.25 per share.
"We are in the process of rounding out our services," Quantum Chairman Douglas H. Stickney said.
The purpose of the acquisition "is kind of a combination of geographic and opportune reasons," he said.
When the acquisition is complete, Quantum will gain its first licensed pharmacy in northern Florida, Stickney said. Quantum also plans to open a pharmacy in Pompano Beach, Fla., within the next few months.
Factor Care had revenue of about $4 million in 1991. Its principal shareholder, Brian MacDonald, founded the company almost three years ago. Discussions about the company's acquisition began early this year.