Sunday, June 7, 2009

RehabCare agrees to sell Phase 2 Consulting business to Premier for undisclosed amount

Rehabilitation program provider RehabCare Group Inc. said Tuesday it will sell its Phase 2 Consulting business to Premier Inc. for an undisclosed amount.

s management and economic consulting services to health care companies, and was RehabCare's entire health care management consulting business. Proceeds from the sale will be used to reduce RehabCare's debt.

RehabCare acquired Phase 2 in 2004. The business has offices in Salt Lake City and Austin, Texas.

In morning trading, shares of RehabCare slipped 22 cents to $22.25.

source: yahoo

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