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Monday, February 14, 2011

CD&R to buy Emergency Medical for about $3 bln, (NYSE: EMS)

Private equity firm Clayton, Dubilier & Rice said it would buy healthcare and physician services company Emergency Medical Services Corp (EMS.N) for a discount price of $3 billion. The $64-a-share deal is 9 percent below EMS' closing price of $70.66 on Friday. Shares of the company had surged some 30 percent since mid-December, when Emergency Medical said it was reviewing its strategic alternatives. They fell 10.5 percent to $63.25 in premarket trading after the deal was announced.

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