Financings in Brief: Healthdyne Inc.
This article was originally published in The Gray Sheet
Executive Summary
Healthdyne Inc.: Firm's Healthdyne Information Enterprises subsidiary files a registration statement with SEC for a proposed spin-off from its parent company. The filing covers a distribution by Healthdyne Inc. of its "entire interest in its wholly owned clinical information and services subsidiary," proposing that Healthdyne shareholders receive one share of Healthdyne Information Enterprises for each share of Healthdyne. The spin-off would complete Healthdyne's "strategy of separating its operations into independent publicly held companies serving different segments of the healthcare market," the firm says. Following the spin-off, Healthdyne's business would be limited to its home obstetrical care and maternity management services operations. In May, Healthdyne spun off Healthdyne Technologies, its respiratory and obstetrical home care business ("The Gray Sheet" June 5, p. 17)...