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Allied Healthcare International Inc. (NASD: AHCI), a New York-based company that provides health and social care in the United Kingdom and Ireland, announced yesterday that its shareholders had approved a deal to be acquired by Saga Group Limited, a U.K. company.
The acquisition is expected to be completed today. Allied posted revenue of $271.1 million in 2010. The deal was valued at $175 million when it was first announced in late July.
Saga Group provides products and services for people aged 50 and over, such as insurance, savings, financial advice, care services, holidays and publishes a magazine.