Value Health, Inc. Goes Public

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Value Health, Inc., the Avon, Connecticut-based managed care firm that owns American PsychManagement, Inc., issued its initial public offering of 3,000,000 shares on April 4, 1991. The company is listed on NASDAQ as VHII. According to Steve Shulman, Value Health's senior vice president, the stock opened at $12 per share and rose to $17 per share by the end of the first day of the offering. Proceeds from the offering will be used to redeem the company's Series B Preferred Stock, to repay . . .