Hanover-based Conmed Healthcare sold for $57.2M

Conmed Healthcare Management Inc., a Hanover-based company that provides health care services to detention centers, agreed to be acquired by privately held Ayelet Investments LLC for $57.2 million, Conmed announced Tuesday. Conmed shareholders will receive $3.85 per share, about 8 percent more than Monday’s closing price of $3.56. The company’s shares gained 22 cents, or nearly ...

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