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In Brief: Coram v. Caremark

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Coram v. Caremark: Coram Healthcare reaches settlement with Caremark in suit arising from Coram's acquisition of Caremark's home infusion business in 1995. Coram sued Caremark in September 1995; Caremark countersued a month later ("The Pink Sheet" Oct. 23, 1995, T&G-5). Caremark will forgive all promissory notes from Coram, totaling approximately $120 mil. Caremark will also pay $45 mil. in cash to Coram by Sept. 1. Coram will record a one-time pretax gain of approximately $165 mil. The parties will dismiss their lawsuits and counterclaims...

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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