APM & Preferred to Merge

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News American PsychManagement, Inc. (APM) of Falls Church, Virginia and Preferred Health Care, Ltd. (PHC) of Wilton, Connecticut, will merge. APM's parent company, Value Health, acquired Preferred on September 23 in a merger valued at approximately $425 million. Completion of the transaction, which was approved by the board of directors of both companies, is subject to receipt of regulatory approvals and approval by the stockholders of both companies. Value Health officials said they anticipate that the acquisition will be completed by the end of the year. John Matthew . . .