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BUSINESS
September 25, 1989 | NANCY YOSHIHARA, Times Staff Writer
In a move to further diversify into health-care services, Secomerica Inc., the Newport Beach parent of Westec Security Inc., said Sunday it reached an agreement to acquire H.M.S.S. Inc., a Houston home therapy firm, for about $255 million. Under an agreement signed this weekend, Japanese-owned Secomerica will begin a tender offer later this week to acquire all 5.1 million outstanding shares of H.M.S.S. for $50 per share.
BUSINESS
November 1, 1989
Secomerica Inc., Newport Beach, said that a $50-a-share tender offer to acquire HMSS, a provider of in-home infusion therapy, has been completed. The company's subsidiary, Secomerica Acquisition Corp., acquired 4,777,487 shares of HMSScommon stock, or 99% of the total outstanding shares. The merger of HMSS and Secomerica Acquisition Corp. will be completed as soon as practical, Secomerica said. Secomerica provides commercial and residential security and emergency medical services.
BUSINESS
September 26, 1989 | LESLIE BERKMAN, Times Staff Writer
Hayden R. Miller was recuperating from triple bypass heart surgery this summer when he started to feel chills and fever. Instead of checking into a hospital for treatment of what turned out to be a heart valve infection, Miller was sent home with equipment and instruction on self-administering antibiotics. Three times a day the Riverside man inserted a needle-ended rubber tube into a catheter lodged in his arm and for 35 to 40 minutes pumped antibiotics into his body.
BUSINESS
November 1, 1989
Secomerica Inc., Newport Beach, said that a $50-a-share tender offer to acquire HMSS, a provider of in-home infusion therapy, has been completed. The company's subsidiary, Secomerica Acquisition Corp., acquired 4,777,487 shares of HMSScommon stock, or 99% of the total outstanding shares. The merger of HMSS and Secomerica Acquisition Corp. will be completed as soon as practical, Secomerica said. Secomerica provides commercial and residential security and emergency medical services.
BUSINESS
September 26, 1989 | LESLIE BERKMAN, Times Staff Writer
Hayden R. Miller was recuperating from triple bypass heart surgery this summer when he started to feel chills and fever. Instead of checking into a hospital for treatment of what turned out to be a heart valve infection, Miller was sent home with equipment and instruction on self-administering antibiotics. Three times a day the Riverside man inserted a needle-ended rubber tube into a catheter lodged in his arm and for 35 to 40 minutes pumped antibiotics into his body.
BUSINESS
September 25, 1989 | NANCY YOSHIHARA, Times Staff Writer
In a move to further diversify into health-care services, Secomerica Inc., the Newport Beach parent of Westec Security Inc., said Sunday it reached an agreement to acquire H.M.S.S. Inc., a Houston home therapy firm, for about $255 million. Under an agreement signed this weekend, Japanese-owned Secomerica will begin a tender offer later this week to acquire all 5.1 million outstanding shares of H.M.S.S. for $50 per share.
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