Merit Behavioral Care to Buy CMG Health for $51.5 Million Plus Stock

OPEN MINDS The Behavioral Health & Social Service Industry Analyst

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CMG Health, Inc. (CMG), of Owings Mills, Maryland, and Merit Behavioral Care Corporation (MBC) of Park Ridge, New Jersey, jointly announced on July 16, 1997, they had signed an agreement for MBC to acquire all of CMG's capital stock. Because the acquisition will occur through a merger of an affiliate of MBC with CMG, the result will be that CMG will become a wholly owned subsidiary of MBC. Holders of CMG's common stock and preferred stock will . . .