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May 21, 1996 | From Bloomberg Business News
FPA Medical Management Inc. said Monday that it will buy Sterling Healthcare Group Inc. for as much as $208.4 million of stock and debt to use Sterling's managed hospital-emergency departments as the nucleus of doctors' networks. The companies are expected to generate $370 million in revenue this year, making FPA one of the largest physician practice managers in the nation. FPA's acquisition is part of a consolidation in doctors' practice management. Last week, MedPartners/Mullikin Inc.
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BUSINESS
May 21, 1996 | From Bloomberg Business News
FPA Medical Management Inc. said Monday that it will buy Sterling Healthcare Group Inc. for as much as $208.4 million of stock and debt to use Sterling's managed hospital-emergency departments as the nucleus of doctors' networks. The companies are expected to generate $370 million in revenue this year, making FPA one of the largest physician practice managers in the nation. FPA's acquisition is part of a consolidation in doctors' practice management. Last week, MedPartners/Mullikin Inc.
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