Subject: Care Group Inc.: Concern to Expand Services With Purchase of Care Line
Date: Published: 5/23/91 (28 lines)
Source: Wall Street Journal. Copyright Dow Jones & Co. Inc.

    Business Brief -- Care Group Inc.:
    Concern to Expand Services
    With Purchase of Care Line

    Care Group Inc., in a move to expand its range of home
 health care services, signed a letter of intent to acquire
 Care Line Inc. of Dallas.
    Terms weren't disclosed.  Care Group, which provides home
 health care to AIDS patients, said the acquisition would
 allow the company to add infusion therapy to its list of
 services.  Care Line, which provides home infusion of food and
 drugs to patients, had revenue of about $4 million in 1990.
    Home health care is one of the fastest growing segments of
 the health care industry.  Care Group, based in Lake Success,
 N. Y., reported revenues of about $12 million in 1990.  Gilda
 Schechter, a company executive vice president, said Care
 Group's 1991 revenues may increase to between $14 million and
 $17 million.
    In national over-the-counter trading yesterday, Care Group
 shares closed up 25 cents at $7.

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