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Sterling Health Care Inc

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December 21, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Samissa Health Care Inc. has merged with Sterling Health Care Inc. of Bellevue, Wash., to form a chain of 19 psychiatric hospitals with estimated annual revenues of $60 million, the firms said Thursday. The merger of the two private firms involved a stock swap that gives Samissa's shareholders a 65% interest in the combined entity and Sterling's shareholders 35%, said David L. Steffy, a director of the new concern.
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BUSINESS
December 21, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Samissa Health Care Inc. has merged with Sterling Health Care Inc. of Bellevue, Wash., to form a chain of 19 psychiatric hospitals with estimated annual revenues of $60 million, the firms said Thursday. The merger of the two private firms involved a stock swap that gives Samissa's shareholders a 65% interest in the combined entity and Sterling's shareholders 35%, said David L. Steffy, a director of the new concern.
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