Independent service organization COHR of Chatsworth, CA, went private this month when it closed a deal to be acquired by investment advisor firm Three Cities Research of New York City. Three Cities paid $6.50 in cash for each of COHR’s outstanding
Independent service organization COHR of Chatsworth, CA, went private this month when it closed a deal to be acquired by investment advisor firm Three Cities Research of New York City. Three Cities paid $6.50 in cash for each of COHRs outstanding shares.
TCR initiated the deal in December when it bought a 48% interest in COHR from Franklin Research of San Mateo, CA, and Strong Capital Management of Milwaukee (SCAN 1/13/99). The deal gives COHR relief from conducting its business under public scrutiny, but otherwise COHRs operations should not change as a result of the merger, according to company executives.
Stay at the forefront of radiology with the Diagnostic Imaging newsletter, delivering the latest news, clinical insights, and imaging advancements for today’s radiologists.