Columbia/HCA Finalizes Merger with VBH

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Columbia/HCA Healthcare Corporation (NYSE: COL) and Value Health, Inc. (NYSE: VH) announced that Value's subsidiary, Value Behavioral Health of California, had received notification on August 5, 1997, from the California Department of Corporations allowing finalization of the proposed merger. Following this decision the merger was completed in mid-August. Under terms of the agreement, Columbia/HCA will pay $20.50 in cash for each Value Health share of stock. Value Health shareholders approved the acquisition by Columbia/HCA on June 18, 1997 . . .