-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, aEp2euZgU6Gv3bJ9PA24Du/B+6ocMpMz9iyXwHJeRrMIrV+F7dDmFsxecxvR/3Bi 3D9p7bBdG9pMGmo/8dp4SQ== 0000950115-94-000231.txt : 19940912 0000950115-94-000231.hdr.sgml : 19940912 ACCESSION NUMBER: 0000950115-94-000231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940823 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19940901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIQ INC CENTRAL INDEX KEY: 0000350920 STANDARD INDUSTRIAL CLASSIFICATION: 8090 IRS NUMBER: 510219413 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08147 FILM NUMBER: 94547693 BUSINESS ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 BUSINESS PHONE: 6096656300 MAIL ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 DATE OF REPORT --AUGUST 23, 1994 (Date of earliest event reported) MEDIQ INCORPORATED (Exact name of Registrant as specified in its charter) DELAWARE 1-8147 51-0219413 (State of incorporation) (Commission file number) (IRS employer identification number)
ONE MEDIQ PLAZA, PENNSAUKEN, NJ 08110 (Address of principal executive offices, zip code) AREA CODE (609) 665-9300 (Telephone number) ITEM 5. OTHER EVENTS. The Registrant announced on August 23, 1994 that it had entered into an agreement to acquire certain of the assets of KCI Medical Services, the medical equipment rental division of Kinetic Concepts, Inc. ('KCI'), for a purchase price of approximately $65 million in cash and approximately $19 million principal amount of notes payable to KCI. Completion of the acquisition is expected in September 1994 and is subject to certain conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
PAGE ----- (c) Exhibits 99 Press Release, dated August 23, 1994. 3
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDIQ Incorporated____________________ (Registrant) /S/__MICHAEL F. SANDLER_______________ Michael F. Sandler Senior Vice President -- Finance & Chief Financial Officer Date: August 31, 1994 EX-99 2 PRESS RELEASE NEWS RELEASE August 23, 1994 Michael F. Sandler Senior Vice President -- Finance MEDIQ Incorporated 609-665-9399 MEDIQ INCORPORATED SIGNS AGREEMENT TO ACQUIRE ASSETS OF KCI MEDICAL SERVICES PENNSAUKEN, NJ -- MEDIQ Incorporated (AMEX-MED) and Kinetic Concepts, Inc. (NASDAQ-KNCI) announced today the signing of an agreement for MEDIQ to acquire certain of the assets of KCI Medical Services (KCI's medical equipment rental division) for a purchase price of approximately $65 million in cash and approximately $19 million principal amount of notes payable to KCI. Completion of the acquisition is expected in September 1994 and is subject to certain conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Bernard J. Korman, President and Chief Executive Officer of MEDIQ, stated that 'The acquisition of approximately 44,000 units of critical care and life support equipment will enable the Company to expand its market share in servicing acute care hospitals and the growing sub-acute, nursing home and home healthcare provider markets. In addition, operating margins will be enhanced with the addition of approximately $45 million of incremental rental revenues into the Company's national distribution system.' Commenting on the signing of the agreement, James R. Leininger, M.D., KCI's Chairman, President and Chief Executive Officer, said, 'The sale of KCI Medical Services is a significant step in our strategic plan to focus our energies on our specialty patient surface business and the acquisition and development of new products and technologies.' MEDIQ provides essential healthcare services in a cost effective manner to a variety of healthcare providers. MEDIQ's principal businesses include MEDIQ/PRN Life Support Services, Inc., the country's leading provider of life support and critical care equipment on a rental basis, and the Diagnostic Imaging Services Group, which provides portable x-ray, nuclear imaging and ultrasound services. MEDIQ also owns significant equity interests in publicly traded companies, NutraMax Products, Inc. (NASDAQ-NMPC), PCI Services, Inc. (NASDAQ-PCIS), and MMI Medical, Inc. (NASDAQ-MMIM). MEDIQ's securities trade on the American Stock Exchange under these symbols: common stock (MED), preferred stock (MED.Pr), convertible debentures (MED.C) and subordinated debentures (MED.NP) exchangeable into shares of NutraMax. KCI is a healthcare company that provides therapies, services and specialty products to select markets worldwide. -----END PRIVACY-ENHANCED MESSAGE-----