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BUSINESS
February 8, 1994 | From Times Staff and Wire Reports
Merger to Create Health Care Power: T2 Medical Inc., Curaflex Health Services Inc., Healthinfusion Inc. and Medisys Inc. said they will merge to become the second-largest U.S. home infusion company. The new company, called Coram Healthcare Corp., would have combined revenue of $500 million and a combined market value of $550 million.
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BUSINESS
February 8, 1994 | From Times Staff and Wire Reports
Merger to Create Health Care Power: T2 Medical Inc., Curaflex Health Services Inc., Healthinfusion Inc. and Medisys Inc. said they will merge to become the second-largest U.S. home infusion company. The new company, called Coram Healthcare Corp., would have combined revenue of $500 million and a combined market value of $550 million.
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BUSINESS
December 11, 1992 | From Times Staff and Wire Reports
Curaflex Health Services to Buy Clinical Homecare: Curaflex Health Services Inc. said it intends to acquire Clinical Homecare Ltd. for stock valued at about $39 million. Curaflex is based in Ontario and Clinical Homecare in Fairfield, N.J. Both companies are national providers of infusion therapy to patients in their homes and other alternate sites. Under the agreement, Clinical Homecare holders will receive 0.43 shares of Curaflex common stock for each share of Clinical Homecare stock.
BUSINESS
December 2, 1993 | From Associated Press
An Ontario, Calif.-based company that provides home infusion services will merge with two other companies to create one of the largest infusion concerns in the nation, the firms announced Wednesday. The stock-swap deal--the latest example of rapid consolidation in the health care industry--would combine Curaflex Health Services Inc. of Ontario, HealthInfusion Inc. of Miami and Medisys Inc. of Minneapolis.
BUSINESS
December 2, 1993 | From Associated Press
An Ontario, Calif.-based company that provides home infusion services will merge with two other companies to create one of the largest infusion concerns in the nation, the firms announced Wednesday. The stock-swap deal--the latest example of rapid consolidation in the health care industry--would combine Curaflex Health Services Inc. of Ontario, HealthInfusion Inc. of Miami and Medisys Inc. of Minneapolis.
BUSINESS
September 8, 1994
James M. Sweeney, who engineered the March sale of McGaw Inc. to Ivax Corp., is taking his recently formed health-care company to Denver at the end of the month as it sheds 590 employees--or 21% of its 2,800-member work force--from facilities across the country. The layoffs at Coram Healthcare Corp., formed July 11 in a four-way merger Sweeney put together, are part of a broad restructuring that includes closing 83 facilities and taking a third-quarter pretax charge of $138.1 million.
BUSINESS
September 9, 1994
* Charles A. Laverty has been hired as president and chief executive officer of Davstar Industries Ltd., a Costa Mesa manufacturer of disposable medical plastic products. Laverty takes over positions relinquished by Davstar's chairman, Jerry Silver, who will concentrate on new products and further growth through acquisitions. Laverty, 49, who was hired after a three-month search, comes with a reputation of being able to spur a company's growth, Silver said.
BUSINESS
August 5, 1994
* Patrick J. Fortune has been appointed president and chief operating officer of Coram Healthcare Corp. in Newport Beach, effective Aug. 15. He most recently served as corporate vice president of information management for Bristol-Meyers Squibb Co. Coram, which has announced plans to relocate its headquarters to Boulder, Colo., was formed as a result of the four-way merger last month of United T2 Medical, Curaflex Health Services, Medisys Inc. and HealthInfusion Inc.
BUSINESS
September 27, 1994 | DEBORA VRANA, TIMES STAFF WRITER
In a settlement underscoring the government's commitment to regulate physicians' financial ties to private health-care providers, a unit of a Newport Beach home-infusion company has agreed to pay $500,000 to end a two-year investigation. The agreement between T2 Medical, an Atlanta company that supplies intravenous drugs and nutrients to patients in their homes, and the U.S. Department of Health and Human Services was filed Monday in U.S. District Court in Atlanta.
BUSINESS
December 11, 1992 | From Times Staff and Wire Reports
Curaflex Health Services to Buy Clinical Homecare: Curaflex Health Services Inc. said it intends to acquire Clinical Homecare Ltd. for stock valued at about $39 million. Curaflex is based in Ontario and Clinical Homecare in Fairfield, N.J. Both companies are national providers of infusion therapy to patients in their homes and other alternate sites. Under the agreement, Clinical Homecare holders will receive 0.43 shares of Curaflex common stock for each share of Clinical Homecare stock.
BUSINESS
December 18, 1992 | JANE APPLEGATE
It seemed like an entrepreneur's dream: Patsy Jones was being wooed by not one, but several big competitors interested in buying her company, Birthcare Inc. Jones, a registered nurse experienced in caring for pregnant women with medical problems, provided nursing and high-tech monitoring services for patients in their homes. But instead of feeling flattered, Jones felt confused and stressed as she tried to negotiate a deal on her own.
BUSINESS
November 12, 1995 | BARBARA MARSH, TIMES STAFF WRITER
Charles A. Laverty succeeds by sheer force of personality. When he took over a small biomedical outfit named Davstar last year, the company had losses greater than sales and was a target of shareholder litigation and a government investigation into possible securities laws violations. Since then, Laverty not only settled much of the legal mess, but even talked five other companies into merging with Davstar to form a company more than ten times its size called Urohealth.
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