BHC and PMR to Merge

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On July 30. 1998 Behavioral Healthcare Corporation (BHC) and PMR Corporation (PMR) announced that they have entered into a definitive agreement under which BHC will be merged with PMR for a total consideration of approximately $209 million. The consideration includes $94.4 million in cash and cash equivalents, 2.6 million shares of PMR's Common Stock and the assumption by the new entity of BHC net debt of approximately $90 million. The transaction will be treated as a purchase for accounting purposes. Consummation of the transaction is . . .