OTHER NEWS - Nov. 1, 1993
Medical Care America Inc. Rejects Offer: Company senior vice president Jonathan Bond would say only that the unsolicited buyout proposal from Nashville-based Surgical Care Affiliates, the nation’s second-largest outpatient surgery company, was not in the best interest of the company or its stockholders. Directors rejected the offer valued at about $950 million and are seeking other options, including other bids. Surgical Care Chairman Joel C. Gordon said he could not yet say whether he expects the deal to turn into a hostile takeover attempt. Dallas-based Medical Care America operates 91 outpatient surgery centers and 47 infusion therapy clinics.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
