Newsletter Articles | September 30, 1991
Biodyne Acquires AGCA
OPEN MINDS The Behavioral Health & Social Service Industry Analyst
Industry News
American Biodyne, Inc. of South San Francisco, California has signed a letter of intent to acquire privately-held Achievement and Guidance Centers of America Inc. (AGCA), of Newtown, Pennsylvania, and its affiliated entities. The letter of intent has been approved by the boards of directors of both companies. Upon execution of the letter of intent, Biodyne made a loan of $1 million to AGCA for working capital and fixed assets. Biodyne stockholders vote on the proposed merger at their . . .