completed the acquisition of health care services provider
In Home Health Care
Shareholders of In Home Health approved the merger today at a special meeting, and the company is now a unit of Manor Care, which is based in Toledo, Ohio. In Home, Minnetonka, Minn., has been delisted from the
. Shareholders, aside from those affiliated with Manor Care, became eligible to receive $3.70 in cash for each share of In Home Health.
Manor Care, an owner and operator of long-term care facilities, said the combined companies expect to record $200 million in revenue for 2001 for home care and hospice care services.
Shares of Manor Care gained $1, or 5.1%, to $20.81 in recent
New York Stock Exchange