PHSS: have a look Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PHSS: have a look

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CJ Owen Critchley who wrote (106)	10/14/1997 9:47:00 PM
From: CJ Owen Critchley	of 113

Tuesday October 14 8:33 PM EDT National Data to acquire Physician ATLANTA, Oct 14 (Reuters) - National Data Corp said Tuesday that it had definitively agreed to acquire Physician Support Systems Inc. NDC said share of PHSS stock will be exchanged for .435 shares of NDC stock, subject to adjustment. The value of the NDC stock to be issued will be about $176 million based on NDC's closing price of $41.6875 per share on October 14. The merger will be accounted for as a pooling-of-interests and is expected to close by the end of January 1998. NDC, a provider of information services and systems for the health care and payment systems markets, said the acquisition of PHSS extends its existing health care financial services business. Physician Support provides business management services to physicians and hospitals in 29 states. Its revenues for the first six months of its current fiscal year were at an annualized rate of $106 million. NDC said it expects PHSS to be accretive on a run-rate basis within six months of closing the deal. ''This transaction positions PHSS to accelerate its growth through access to NDC's core technologies and expansion of its range of value-added services,'' an NDC company statement said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next