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ADVANTAGE HEALTH ANNOUNCES EXTENSION OF STOCK BUY BACK PLAN

 WOBURN, Mass., Oct. 13 /PRNewswire/ -- Advantage Health Corporation (NASDAQ: ADHC) Chairman and CEO, Raymond J. Dunn, today announced that the company's board of directors has authorized an extension of the effective period for its stock repurchase plan through April 30, 1994. The repurchase plan, which was announced on April 14, 1993, authorized the company to buy back up to 500,000 shares of the company's common stock, either in open-market or negotiated transactions during the April to October 1993 time period. To date, the company has repurchased 165,000 shares.
 Dunn stated, "Management firmly believes that the company's current stock price does not reflect the underlying value of its assets or its earnings potential." Dunn also reiterated his previous statements regarding the stability of the rehabilitation industry by saying, "the continued aging of the population, continuing medical advances and the favorable cost/benefit of rehabilitation services have not changed. We are confident that the company's regional growth strategy will allow us to continue to expand and capitalize on our already existing alliances with 18 major tertiary and dominant community hospitals in New England."
 Advantage Health Corporation is organized under the laws of Delaware and is headquartered in Woburn, Mass. Advantage's common stock is traded on the NASDAQ National Market System under the symbol ADHC.
 Advantage Health Corporation operates the largest network of comprehensive medical rehabilitation facilities in New England. The company currently employs in excess of 3,300 employees at 69 locations in seven states.
 -0- 10/13/93
 /CONTACT: Raymond J. Dunn, chairman and CEO of Advantage Health, 617-935-2500/
 (ADHC)


CO: Advantage Health Corp. ST: Massachusetts IN: HEA SU:

DJ-JL -- NE010 -- 1812 10/13/93 15:46 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
Words:279
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