In Brief: Physician Sales & Services
This article was originally published in The Gray Sheet
Executive Summary
Physician Sales & Services: Signs merger agreement with Jacksonville, Florida-based Diagnostic Imaging Inc. Under terms of the stock swap deal, accounted for as a pooling of interest, PSS will issue DII shares of its common stock totaling approximately $13 mil. and assume $6.2 mil. of the firm's debt. With annual revenues of $58 mil., DII distributes radiology equipment, chemicals and supplies and provides technical service to the acute and alternate site markets...