TriCare to Buy Firm That Treats Workers Injured on the Job
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IRVINE — TriCare Inc., an occupational health-care services company, said Monday that it has agreed to buy an unnamed Southern California company that provides medical services to injured workers.
The purchase price will be in excess of $5 million, according to TriCare, which said the deal is subject to several conditions, including completion of an audit.
The acquired company would supplement services already offered by a TriCare subsidiary, OccuCare of Irvine.
Earlier this month, TriCare said it plans to buy an as-yet-unnamed vocational retraining company in a stock swap valued at more than $2 million.
The purchases will allow TriCare to offer a series of related services to injured workers in California: diagnosis, evaluation, treatment and retraining. The market for these services is more than $2.2 billion in California, said Steve Bullock, TriCare’s chief executive.
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