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BUSINESS
December 4, 1995 | Times Staff and Wire Reports
W.R. Grace in Talks to Sell Unit: The Boca Raton, Fla.-based firm is in talks with four medical companies about a possible sale of its health care unit, the nation's largest kidney dialysis services business, W.R. Grace & Co. institutional shareholders said. The medical companies--Baxter International Inc., Fresenius, Gambro and Vivra Inc.--are also discussing a possible spinoff of Grace's National Medical Care Inc.
BUSINESS
December 22, 1991
Community Psychiatric Centers, a chain of psychiatric hospitals based in Laguna Hills, announced its selection of Steven S. Weis as chief financial officer. The company also elected David L. Dennis and Stephen J. Powers to its now nine-member board. Weis, 49, was president of CFO Group, a financial management services firm he formed in 1989. He succeeds Richard L. Conte, who remains CPC president. Dennis is managing director of Donaldson, Lufkin & Jenrette Securities Corp.
BUSINESS
May 6, 1997 | (Bloomberg News)
Incentive has agreed to buy Vivra Inc. for $1.6 billion, or $35.62 a share, in cash, furthering the drive of Sweden's Wallenberg family into high-growth technology businesses. Incentive, one of the Wallenbergs' main investment companies, will merge San Mateo-based Vivra into its wholly owned Gambro, making the combined companies the No. 2 dialysis services firm in the world.
BUSINESS
April 28, 1992
Companies ranked by growth in profit from 1990 to 1991. 1991 Profit % Change Rank Company ($ Millions) 1990-91 1 Varian Associates Inc. * 52.7 203 2 Charles Schwab Corp. 49.5 195 3 Countrywide Credit Industries * 45.0 137 4 Pic 'N' Save Corp. * 31.8 135 5 Caesars World * 77.6 116 6 SPI Pharmaceuticals Inc. 30.1 102 7 Westcorp 21.1 80 8 Rohr Inc. * 37.6 74 9 Pacificare Health Systems * 29.8 73 10 Neutrogena Corp. * 22.1 60 11 Gap Inc. 229.9 59 12 Great Western Financial 298.
BUSINESS
October 19, 1999 | From Bloomberg News
Total Renal Care, one of the largest operators of kidney dialysis centers, appointed Kent J. Thiry chairman and chief executive. Thiry, 43, replaces Victor M.G. Chaltiel, who resigned in July when the firm said second-quarter earnings would be lower than expected. Its shares lost a third of their value that day and have yet to recover, trading at a three-year low last week.
BUSINESS
June 15, 1995 | From Bloomberg Business News
W.R. Grace & Co. will spin off its health care unit to shareholders rather than sell it or accept merger proposals. The specialty chemical and medical company said it rejected an informal merger bid for its National Medical Care Inc. unit from Vivra Inc., a rival kidney dialysis company, and a $3.5-billion purchase offer from the head of the unit. Grace is transferring $1.4 billion of its $2-billion debt to National Medical Care as part of the transaction. Boca Raton, Fla.
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