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Took the following from company press release:

BIRMINGHAM, Ala., July 1 /PRNewswire/ -- MedPartners, Inc. (NYSE: MDM) announced today that its subsidiaries, Caremark International and Caremark Inc., reached a settlement of Coram Healthcare Corporation's (NYSE: CRH) lawsuit against Caremark. The lawsuit and other related issues arose out of the acquisition by Coram of Caremark's home infusion business in 1995. The litigation, which was originally filed in September, 1995 in San Francisco superior court, was in existence at the time of the Caremark/MedPartners merger in September, 1996.

Under the settlement, Caremark will forgive all of the Coram notes received in connection with the home infusion division's sale, will pay $45 million in cash to Coram, on or before September 1, 1997, and the parties will exchange mutual releases of all claims and issues between them. Coram originally claimed damages of $5.2 billion. MedPartners will incur a charge from discontinued operations during the second quarter of approximately $75 million after-tax in conjunction with the settlement, which resulted from extensive discussions before a settlement judge.
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