Carolyn Guichaid, President, CHHC
Community Nursing Branch
On March 7, 1995, CPCI announced that it had signed a definitive agreement to sell CHHC to American HomePatient Inc.
As outlined in the Notice of Meeting of Shareholders and Management Proxy Circular, a special meeting of shareholders will take place on April 28, 1995 at 8:30 AM at the Mount Royal Club in Montreal, primarily regarding the sale of CHHC.
The decision to sell CHHC was made in the context of the rapid and active consolidation of the U.
We saw the industry consolidation as an opportunity to achieve maximum shareholder value by selling CHHC.
As stand-alone, public companies, CHHC and IBEX would have improved access to financing for the purposes of expanding their respective businesses.
home healthcare industry over the past year has provided the opportunity, for the possible sale or combination of CHHC.
Since early 1994, CHHC
has been affected by downward pressures on pricing from managed care organizations in the United States.