Providential Holdings buys Western Med

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Friday, June 30, 2006

HUNTINGTON BEACH, Calif. - Providential Holdings has agreed to pay $5.25 million in cash to acquire assets of Phoenix-based Western Medical, including Western's entire inventory and accounts and other receivables, valued at $15 million. Providential specializes in M&A advisory services and seeks undervalued companies in high-growth industries.

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