Science Applications International Corp. said it has signed a contract to provide information technology support services to the National Institutes of Health as part of the NIH's Computer Equipment Resources and Technology Acquisition program. Under terms of the five-year contract, valued at $164 million, SAIC and a team of nine partners will provide the information technology services to the NIH Division of Computer Research and Technology and other institutes, centers and divisions throughout the NIH research community. SAIC, based in McLean, Va., provides information services in the areas of national security, healthcare, transportation, energy, telecommunications and the environment.
Sun Healthcare Group's board of directors approved a $175 million increase in the company's bank credit facility to $490 million from $315 million. Albuquerque, N.M.-based Sun Healthcare thus far has borrowed $246 million of the $490 million available. The approval includes an expansion of the overseeing bank group, led by NationsBank of Texas, from nine to 14 lenders. The company said it will use the additional credit to pursue domestic and international acquisitions. Sun Healthcare, a long-term-care and rehabilitation services provider, reported 1995 revenues of $1.1 billion.
Orange, Calif.-based Alliance Imaging said all its 7.5% senior secured notes due in 2003 have been sold by their holders to new owners. In addition, the leading provider of hospital-based fixed-site and mobile imaging services said it prepaid $5.3 million of the principal amount of the notes at a substantial discount, leaving $20.1 million in principal outstanding. As a result, the company said it will report a gain in the fourth quarter of about $1.2 million, or 11 cents per share. Alliance operates 87 magnetic resonance imaging and eight computed tomography systems in 36 states. It expects revenues of $60 million this year.
Beverly Enterprises, a Fort Smith, Ark.-based post-acute services provider, said it has agreed to buy 13 outpatient therapy clinics in the Atlanta area. The clinics were owned by Morrow, Ga.-based Progressive Sports Medicine. Terms of the acquisition weren't disclosed. The purchase gives Spectra Rehab Alliance, a Beverly subsidiary, a total of 27 rehabilitation therapy clinics in Atlanta, Cleveland, Dallas and Houston. Beverly operates 630 nursing homes across the country as well as rehabilitation hospitals, a pharmaceutical subsidiary and home health centers. It reported 1995 revenues of $3.2 billion.