T2 Medical Inc. Reaches Agreement in Principle to acquire the Majority Interest of Three Physician-Owned Mobile Litho-tripsy companies

T2 Medical Inc. (NASDAQ:TSQM) as part of its ongoing strategy of acquiring quality physician-owned outpatient treatment companies, announced Monday it has reached agreements in principle to acquire majority interests in three physician-owned mobile lithotripsy companies in exchange for a combination...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Benzine, Dale R
Format Newsletter
LanguageEnglish
Published New York Business Wire 11.05.1992
Subjects
Acquisitions & mergers
Health care industry
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Summary:T2 Medical Inc. (NASDAQ:TSQM) as part of its ongoing strategy of acquiring quality physician-owned outpatient treatment companies, announced Monday it has reached agreements in principle to acquire majority interests in three physician-owned mobile lithotripsy companies in exchange for a combination of its common stock and cash having a total approximate value of $15 million. The acquisitions are expected to be consummated during its fiscal quarter ending June 30 and will be accounted for as purchases. There can be no assurance, however, that any of the proposed acquisitions will be consummated. (excerpt)