Mentor Corp

Article Abstract:

Active trading in Mentor Corp. stocks has continued, resulting in the stocks' recovering from a 52-week low of $8.00 a share. Analysts attribute this to the potential that investors see in saline breast implants following the Food and Drug Administration's suspension of silicon-gel implant use. Mentor makes artificial implants and supplies and controls 90% of the saline breast implant market. Investors could also be taking their cue from purchases of 49,600 shares by three Mentor insiders at 9 7/8-12 1/4 between Nov 1991 and Feb 1992, or reacting to the 60% increase in sales of urology implants during the Dec 1991 fiscal third quarter.

Securities, Mentor Corp.

---

MEI Diversified Inc

Article Abstract:

MEI Diversified Inc made $8 million out of the sale of its snack food enterprise. The firm plans to use the amount to meet some of its debt obligations and to effect growth in its beauty salon and medical supply businesses. MEI has 80% interest in about 2,100 US and Canadian salons and on New Dimensions in Medicine which makes medical supplies. The salons' yearly earnings were approximately $380 million while New Dimensions 1991 revenues were $35 million.

Beauty shops, Finance, Beauty salons, MEI Diversified Inc., New Dimensions In Medicine

---

REN Corp.-USA

Article Abstract:

Dialysis services firm REN Corp-USA (REN) seeks to acquire Laboratory Medicine's Florida laboratory and the Southwest Kidney Institute in Arizona. The expansion strategy has so impressed COBE Laboratories Inc that it has increased its REN stake to 30% by acquiring an additional 1.17 million shares of stock. REN's decision to expand was triggered by a new law, which prohibits doctors from acquiring stakes in medical facilities.

Kidney dialysis centers, Mergers, acquisitions and divestments, Investments, REN Corporation-USA, COBE Laboratories Inc.

Similar abstracts:

• Abstracts: Ethyl Corp. Universal Foods Corp. Rite Aid Corp
• Abstracts: Bally Manufacturing Corp. Promus Companies, Inc. MGM Grand, Inc

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.