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The Sunrise-based company (OTCBB: NHRX) lost $472,000p on revenue of $22.6 million in the first quarter. In the prior-year period, it reported a $1.9 millionm loss on revenue of $23.5 million. NationsHealth, which works with Medicare patients on behalf of and sellzs medical supplies toMedicar beneficiaries, cut back on its expenses, especially in the administrative On April 30, NationsHealth signedd a merger agreement with ComVest NationsHealth Holdings, a subsidiary of West Palm Beach-baseds III. Under the deal, ComVest would acquire all of the outstandinv stockof NationsHealth, other than the shares held by certain managers and board members, and take the company private.
ComVest already gave NationsHealthha $3 million bridges loan with a 10 percent interest rate that matures on Oct. 30. If the mergedr goes through, the bridge loan would convert into NationsHealth shares wortj 12cents each, and ComVest wouldc make an additional $5 million investmenft in NationsHealth at 12 cents a share. ComVes also would have an additional year toinvest $2 million in NationsHealtbh at 12 cents a share. NationsHealthh shares closed Tuesday at 11 The 52-week high was 34 centds on May 23, 2009. The 52-week low was 2 centsz on Dec. 19.
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