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Emergent Group, Inc./PRI Medical to be Acquired by Universal Hospital Services, Inc.



2/7/2011 10:06:56 AM

SUN VALLEY, Calif., Feb. 7, 2011 (GLOBE NEWSWIRE) -- Emergent Group Inc. (NYSE Amex Equities:LZR), a leading provider of mobile medical lasers and surgical equipment through its wholly owned subsidiary, PRI Medical Technologies, Inc., today announced that it has signed a definitive agreement with Universal Hospital Services, Inc. (UHS), whereby UHS will make a cash tender offer of $8.46 per share for all outstanding shares of Emergent Group after a customary "go-shop" period of 21 days. UHS has estimated that the total enterprise value of the transaction including debt assumption is approximately $70 million.

Read at GlobeNewswire


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