Dec 24 2010
The Center for Wound Healing, Inc. (OTCBB: CFWH), a leading manager of comprehensive wound care treatment centers that offer wound care and hyperbaric oxygen therapy, today announced the completion of the acquisition of CFWH by Sverica International, a leading private equity firm, for approximately $41 million.
Holders of shares of CFWH common stock are entitled to receive $0.567522 per share in cash, without interest, in the transaction at this time. In addition, former CFWH stockholders may also be entitled to receive up to an additional $200,000 in the aggregate (approximately $0.0087 per share) that is being held in escrow for up to one year after the closing of the transaction. However, it is not possible to predict at this time whether former CFWH stockholders will receive all or any portion of the escrowed amount.
Continental Stock Transfer & Trust Company is serving as the paying agent in the transaction.
Source:
The Center for Wound Healing, Inc.
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