CAREPLUS <CPLS> SEEKS APPROVAL IN ACQUISITION
CarePlus Inc said it will seek shareholder
approval of its proposed acquisition of certain assets and
assumption of certain liabilities of Professional Care Inc
<PCI>.
    In connection with the acquisition, shareholders will be
requested to approval the merger of CarePlus into its newly
formed Delaware subsidiary, CarePlus said.
    CarePlus said its board has tentatively determined that its
stock would be exchanged for common stock of the new
corporation at the rate of seven for one.
 Reuter
