Vivax – acquisition

Vivax (Bristol, Connecticut) has agreed to purchase all outstanding stock of Concept Medical and affiliates (Sunrise, Florida) for $2 million, including $500,000 in cash over the next four years, and 333,333 shares of restricted Vivax common stock at $2 per share. Closing was set for Sept. 30, 1997. Concept distributes complex medical equipment the South Florida area. Vivax develops, manufactures, distributes and services complex medical equipment.

COPYRIGHT 1997 A Thomson Healthcare Company

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