June 20, 1991
The Admar Group Inc., a provider of managed health care services, said Tuesday that it plans a one-for-five reverse stock split to make shares in the company more marketable. The over-the-counter stock has been trading around 62.5 cents per share. With a price five times than that amount, the stock should be more attractive to larger brokers, said Ann Rebollo, a company spokeswoman.
November 22, 1990
Admar Group Inc., a service company for the health care industry, said Wednesday that it has agreed to buy a Maryland-based firm that reviews patient treatment plans to contain insurance costs. The $500,000 acquisition, which will give Admar a greater presence on the East Coast, is expected to close Nov. 30. Admar has entered into a definitive agreement to buy HealthCare Strategies Inc. from its parent, TPA of America, a health care management company in Austin, Tex.
May 17, 1990 |
In an attempt to boost their growth and improve paper-thin profit margins, two Orange County health-care management companies--Admar Group Inc. and Capp Care Inc.--said Wednesday that they are planning to merge operations. The proposed marriage of the two companies, now just 15 miles apart, would create one of the largest preferred provider network organizations in the country.
April 26, 1987
The Admar Group Inc. said it will acquire a privately held, Torrance health-care management company in a cash-and-stock transaction worth $3.6 million. Admar, which operated a preferred provider organization, said the purchase of SelectCare Management Co. Inc. is expected to be complete within three months. Orange-based Admar, which reported a net profit of $533,000 on $6.4 million in revenues for the nine months ended Oct. 31, said SelectCare--which has annualized revenues in excess of $1.
January 15, 1987
The Admar Group Inc., an Orange-based health care company, said TPA of America Inc. has paid $1.5 million for 14.3%--or 5.3 million shares--of its common stock. Los Angeles-based TPA said it bought the shares for investment purposes only. TPA markets administrative services to employee benefit plans. The cash transaction appears to make TPA Admar's largest outside shareholder, said Roger Lightholder, Admar's vice president and general counsel. Admar, which had revenue of $2.