?Holos Institutes to continue research emphasis

for psychology students.

The transaction, structured as a transfer of assets from one nonprofit corporation to another, was completed April 15, said Dr. Richard Cox, president of the Forest Institute. The Holos Institutes of Health, doing business as the Shealy Institute, transferred the assets of the Shealy Institute the real estate, equipment and property to the Forest Institute. Holos will continue as a nonprofit corporation and will concentrate on research. The company will retain the assets needed for that practice.

Holos Institutes of Health had as its principals Drs. C. Norman and Mary-Charlotte Shealy. Another officer, according to its 1998 annual registration report, was Roger Cady, who was vice president of the corporation.

With the completion of the transaction, the Forest Institute will take over management of the clinic, Cox said.

"Pain management was what a number of people associated with the Shealy Institute, but that was really only one part of the clinic's operation. The clinic also offers neural psychology, health psychology and some family practice," Cox said.

He added that the clinic is internationally known for its work in alternative medicine, particularly alternative approaches to pain management.

The Forest Institute has been open in Springfield since 1984 and has had a relationship with the Shealy Institute since that time, Cox said. Dr. Norman Shealy has been an instructor at the Forest Institute, and the students at the school have participated in practicums and internships at the Shealy Institute.

"Certainly we've enjoyed a mutually beneficial relationship for some time. Dr. Shealy has been very active in the life of our school, and our students have gained a great deal of experience and knowledge from both him and his institute," Cox said.

The Shealy Institute, located at 1328 E. Evergreen, will have no management or staff changes immediately, Cox said.

"We are not planning any layoffs as a result of this transaction. We may need to add some staff in the future to support our services," Cox said. He added that the Shealy Institute immediately will gain three physicians as a result of the merger, but could not name those physicians at this time.

The Shealy Institute now employs 15. The Forest Institute has 230 students who are studying for either master's or doctoral degrees in psychology, Cox said. The school employs about 25 instructors. At its last graduation ceremony, in October 1998, it conferred 30 doctoral and 18 master's degrees.

The Shealy Institute will be used as a training model, similar to a teaching hospital, by the Forest Institute, Cox said.

"We plan to take advantage of the facility and the benefit it can be to our students," Cox said.

The value of the transaction was not available. Cox said Shealy would remain active in both institutes, and that the name of the Shealy Institute would not change as a result of the transaction.

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