Health-Care Merger OKd: Abbey Healthcare Group Inc....
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Health-Care Merger OKd: Abbey Healthcare Group Inc. said Monday that it has received permission from the Federal Trade Commission to merge with a Torrance health-care company.
Shareholders of Total Pharmaceutical Care Inc., a provider of at-home intravenous drug therapy, will get $19 in cash and $4 in Abbey common stock for each share of Total. The deal is valued at $195 million.
Both companies’ shareholders are scheduled to vote on the merger Nov. 3.
Based in Costa Mesa, Abbey also provides intravenous drug therapy to home-bound patients in 36 states.
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