Ophthalmology News
Foundation Healthcare
Tuesday June 5, 2001
FOUNDATION Healthcare (FNC) announced on Friday the sale of its diagnostics assets to strategic partner Sonic Healthcare. Foundation will receive $32million on what Wilson HTM believes will be the first of three asset sales to be announced over the next two months as part of FNC's expansion into ophthalmology (eyes). `Foundation is suffering along with a number of other industry consolidation players as the market seeks clear evidence before re-rating the stock,' says the broker, which argues the share pric