FoxMeyer CareStream managed care/info systems divestiture ongoing.
FOXMEYER CARESTREAM DIVESTITURE LETTER OF INTENT SIGNED for "one of the two remaining operations" of CareStream, the wholesaler's managed care and information systems subsidiary. "The company anticipates recognizing a substantial gain over its $20 mil. carrying value on the sale in the second quarter," Dallas-based FoxMeyer reported July 1. The wholesaler has not disclosed the identity of the buyer.
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