Abbey Healthcare Group Inc.: The Costa Mesa...

Abbey Healthcare Group Inc.: The Costa Mesa company said Monday that it has completed its announced acquisition of Protocare Inc. At closing, $12 million in cash was paid, with the remainder to be paid in Abbey common shares, according to a formula determined by Protocare’s 1994 financial performance. Protocare, based in Waltham, Mass., provides home infusion and nursing services from 16 locations on the East Coast. Abbey Healthcare, which has annual sales of about $250 million, provides respiratory therapy, infusion and nursing services, as well as home medical, clinical and rehabilitation equipment. The company’s closed up 25 cents Monday at $24 on the Nasdaq exchange.