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Patient Home Monitoring Corp closes acquisition of Care Medical Partners LLC

Wednesday, 4 Jun 2014 09:00am EDT 

Patient Home Monitoring Corp:Announced it closed the acquisition of Care Medical Partners, LLC (Care Medical), a Georgia-based company focused on providing home-based chronic pulmonology services.Under the terms of the Definitive Purchase Agreement, PHM will acquire 100 pct of the units of Care Medical for a total consideration of $144,244 in cash to the sellers and 5,655,476 shares of PHM issued to the sellers, subject to TSX approval. 

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