LIVING CENTERS OF AMERICA ANNOUNCES ACQUISITION OF STOCK OF REHABILITY CORPORATION

PR Newswire | April 12, 1995 | Copyright

HOUSTON, April 12 /PRNewswire/ -- Living Centers of America, Inc. (NYSE: LCA) announced today that the Company has signed a definitive agreement to acquire the stock of Rehability Corporation (Nasdaq-NNM: RHAB) in a stock for stock exchange. Rehability Corporation would become a wholly owned subsidiary of Living Centers of America. Rehability Corporation, headquartered in Brentwood, Tennessee, is one of the largest comprehensive rehabilitation services providers in the U.S. The transaction will significantly expand Living Centers specialty care capabilities and will enable the ...

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