Michael F. Sandler David F. Dovenberg Senior Vice President-Finance Chief Financial Officer MEDIQ Incorporated Universal Hospital Services, Inc. (609) 663-3200 (612) 893-3252Services Extend Merger Agreement • July 31st, 1997 • Universal Hospital Services Inc • Services-miscellaneous equipment rental & leasing
PENNSAUKEN, NJ/BLOOMINGTON, MN -- MEDIQ Incorporated (MED:AMEX) ("MEDIQ") and Universal Hospital Services, Inc. (NASDAQ:UHOS) ("UHS"), who in February had entered into an agreement under which UHS would be acquired by MEDIQ at a price of $17.50 per UHS share, today announced that they had extended -- from August 30, 1997 to October 31, 1997 -- the date after which either party could terminate this agreement. This amendment was entered into in order to provide additional time to resolve or defend against certain concerns that have been raised by the staff of the Federal Trade Commission to the merger. In addition, the companies also amended the agreement to include a termination right under which either party may terminate the agreement within five business days if a federal district court issues a preliminary injunction preventing the transaction. On April 10, 1997, the FTC had requested additional information regarding the proposed transaction. The parties believe that earlier this mo
Exhibit 99.2 IMMEDIATE (July 24, 1997) Michael F. Sandler David E. Dovenberg Senior Vice President-Finance Chief Financial Officer MEDIQ Incorporated Universal Hospital Services, Inc. (609) 662-3200 (612) 893-3252 MEDIQ AND UNIVERSAL HOSPITAL SERVICES...Services Extend Merger Agreement • July 31st, 1997 • Mediq Inc • Services-miscellaneous equipment rental & leasing
Michael F. Sandler David E. Dovenberg Senior Vice President-Finance Chief Financial Officer MEDIQ Incorporated Universal Hospital Services, Inc. (609) 662-3200 (612) 893-3252
