Inform Worldwide Holdings’ subsidiary, PrimaCare Corp., announced after the bell that its acquisition target, Medical Resources, signed a Comprehensive Provider Agreement with Quality Health Plans. As terms of the agreement, Medical Resources will provide medical services to members of Quality’s health plans.
Medical Resources, LLC is a privately held company which has provided medical services through approximately 30 medical clinics over the last four years. During the first six month of this year, the company had $65 million in revenues and $2.8 million in net income. PrimaCare expects a prompt acquisition of Medical Resources once financial statements are audited.
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