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To: Findit who wrote (97774)11/5/2003 4:27:24 PM
From: Ron  Respond to of 208838
 
CSCO strong earnings. Pulling the techs higher after hours.



To: Findit who wrote (97774)11/18/2003 7:30:37 PM
From: Patricia Meaney  Read Replies (1) | Respond to of 208838
 
SRG - was halted today and news released after the bell:
SurgiCare to recapitalize, join with 3 other cos.

LOS ANGELES, Nov 18 (Reuters) - SurgiCare Inc. <SRG.A>, a
Houston-based surgery center company, on Tuesday said it plans
to combine with three other companies in an equity investment
and recapitalization that would result in an expanded
healthcare services company.

The company said it will acquire Dennis Cain Physician
Solutions Ltd. and Medical Billing Services Inc. for a
combination of $3 million in cash, a $1 million promissory note
and 9.5 percent of stock in the new company.

Recapitalization of SurgiCare, which would include a
one-for-ten reverse split of its common stock, is expected to
result in a new public company named Orion HealthCorp Inc.

In addition, Brantley Partners IV, L.P., will contribute $6
million in cash and $1.3 million in loans to Orion in exchange
for a 51 percent equity holding.





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Nov-18-2003 23:44 GMT
Symbols:
US;SRG
Source RTRS Reuters News
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