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Revision History For: PHP HEALTHCARE (PHPC) TO MERGE

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Return to PHP HEALTHCARE (PHPC) TO MERGE
 
This company was mismanaged and ended up in
bankruptcy where it is now. Prior to filing for
bankruptcy, Ambulatory Healthcare Corp. was
interested in acquiring PHP FOR $2.00 Most of the
original shareholders who owned this company at
$10.00 or higher and the fund managers have been
dumping this stock to take losses for this year.

December 16,1998
ABBULATORY said that it and PHP have signed a
letter of intent to jointly develop a
reorganization plan for PHP underwhich the two
companies would merge. Abulatory wants to go public and this is a very cheap way to do it. There
are 11.7 million shares outstanding - float is 5.6 million. Last price for PHPC was .08.