1. MEI Diversified Inc
- Subjects
MEI Diversified Inc. -- Finance ,New Dimensions In Medicine -- Finance ,Beauty shops -- Finance ,Medical equipment and supplies industry -- Finance ,Banking, finance and accounting industries ,Business - 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., Relieved of the burden of money-loser with the sale of the remaining portions of its candy and snack food business, MEI says it has initiated discussions with investment bankers on [...]
- Published
- 1992