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Healthcare staffing firm Crdentia Corp. (OTCBB: CRDT.OB) said it plans to go private. Its board approved a 1,000-to-one reverse stock split, which will leave the company with 150 shareholders.
The Dallas-based firm said it expects significant savings from going private. The move, however, shouldn't affect its field operations in its 19 offices in Arizona, Texas, Alabama, Florida, Georgia and North Carolina, according to the company.