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REGIONAL ROUNDUP

MedGroup to Acquire Needle-Protection System

July 06, 1993

MedGroup Inc., an Encino-based operator of physical-, speech- and occupational-therapy centers, said it agreed to acquire Medidea Inc.'s hypodermic-needle-protection system, which is used to prevent accidental transmission of AIDS, hepatitis and other viruses.

The agreement calls for Med-Group to provide 10,000 shares of MedGroup common stock to Medidea and issue an additional 90,000 shares within 90 days. Medidea will also receive a 5% royalty based on gross sales of the needle-protection system.

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