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CARENETWORK ANNOUNCES MANAGEMENT CHANGES

 CARENETWORK ANNOUNCES MANAGEMENT CHANGES
 MILWAUKEE, Sept. 3 /PRNewswire/ -- E. Thomas Sheahan, chairman of


the board of CareNetwork, Inc. (NASDAQ: CRNT), and Craig Kasten, executive vice president/COO and treasurer, today announced Kasten's decision to resign from these positions. Kasten indicated that he was resigning at this time to pursue other opportunities in the managed health care industry.
 Kasten has been with the company since its inception and has helped CareNetwork to grow significantly during his tenure. The company's HMO subsidiary, Wisconsin Health Organization, had been one of the fastest growing and most profitable HMOs in Wisconsin through 1991. Today, WHO serves 140,000 enrollees. During 1989-1991 CareNetwork achieved earnings of $7.9 million on revenues of $365,000,000. In 1991, CareNetwork had an initial public offering which raised over $23 million for the company.
 -0- 9/3/92
 /CONTACT: Tom Sobocinski, executive vice president, 414-223-7714; or Walter Barry, manager of investor relations, 414-223-0172, both of CareNetwork/
 (CRNT) CO: CareNetwork, Inc. ST: Wisconsin IN: INS SU: PER


KH -- MN012 -- 6500 09/03/92 14:28 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
Words:176
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