Newsletter Articles | January 1, 1989
AHSC Will Spin Off Addiction Treatment Unit
OPEN MINDS The Behavioral Health & Social Service Industry Analyst
Industry News
American Health Services Corporation (AHSC) of Newport Beach, California will spin off its Neuromedical Technologies Inc. (NTI) unit as a separate company, according to a report in the November 15 issue of The Wall Street Journal. AHSC stockholders will receive one share of NTI stock for every five shares of AHSC stock. NTI is involved in therapy that treats nicotine addiction by stimulating the brain electronically. It also operates smoking cessation clinics in 14 states.
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