Pinnacle Environmental Inc., 774 S. 500 West, has completed the acquisition of Professional Medical Services and its affiliated companies that manufacture and market prepackaged sterile medical products and supplies used in diagnostic, surgical and other medical procedures.
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Rex Crosland, Pinnacle chairman and president, said the acquisition doubles the size of its current revenue.The acquisition was made for cash and 600,000 shares of Pinnacle common stock, which last Friday closed at $7.25 per share. PMS will operate under the new name of Pro Med International Inc. as a wholly owned subsidiary of Pinnacle.