RICHARD RAINWATER AND DARLA MOORE TO MAKE SIGNIFICANT INVESTMENT IN CHARTER MEDICAL CORPORATION
From: PR Newswire | Date: December 22, 1995 | COPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information
Investors to Acquire 12.3 Stake in Company for $69.7 Million ATLANTA, Dec. 22 /PRNewswire/ -- Charter Medical Corporation (AMEX: CMD), the nation's largest provider of behavioral healthcare, announced today that Richard Rainwater and Darla Moore have signed a definitive agreement to acquire a 12.3 percent stake in the company. The company also announced that, as expected, it has changed its name to Magellan Health Services, Inc., effective today.
Under the terms of the transaction, Mr. Rainwater and Ms. Moore will acquire four million newly issued shares of Magellan common stock ...
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