Published on October 23, 2009 at 7:46 AM
Continucare Corporation (NYSE Amex:CNU) announced today that it has expanded its sleep diagnostic division with the acquisition of two additional centers. Seredor Corporation, Continucare’s newly established subsidiary, has purchased the assets of Sleep Disorder Solutions, Inc., a full service operator of sleep diagnostic centers, with sleep diagnostic centers in South Miami and Pembroke Pines, Florida.
“The sleep diagnostic center business possesses attractive growth prospects for Continucare as sleep medicine is an important and growing discipline proliferating in a highly fragmented market,” said Richard C. Pfenniger, Jr., Continucare’s Chairman and Chief Executive Officer. “As we work to establish a meaningful presence in the area, this acquisition provides us with an entry into the Florida market.”
Source: Continucare Corporation