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COLUMBIA'S NETWORK STRATEGY PROVES PROFITABLE AS 1992 EARNINGS INCREASE 70 PERCENT

 FORT WORTH, Texas, March 8 /PRNewswire/ -- Columbia Hospital Corporation (NASDAQ: CHOS) today announced results from operations for its fourth quarter and year ended Dec. 31, 1992.
 1992 revenues totaled $819 million, compared with $499.4 million in 1991 and representing a 64 percent increase. Net income also showed strong growth. Earnings before extraordinary loss (due to early extinguishment of debt) in 1992 was $25.9 million, or $1.18 per share which represented a 70 percent increase in earnings and a 28 percent increase in earnings per share.
 Revenues and net income in the fourth quarter of 1992 were $243 million and $9.9 million ($0.38 per share), respectively, while revenues and net income for the same quarter in 1991 were $137.2 million and $4.1 million ($0.22 per share). These results represented a fourth quarter growth rate of 77 percent in revenues, a 140 percent growth in net income and 74 percent in earnings per share.
 COLUMBIA HOSPITAL CORPORATION
 Summary of Consolidated Operating Results
 (Dollars in thousands, except per share data)
 Three months Year
 Periods ended Dec. 31 1992 1991 Pct. 1992 1991 Pct.
 increase increase
 Number of hospitals in
 operations 22 12 -- 22 12 --
 Weighted average
 licensed beds 4,370 2,542 71.9 3,681 2,369 55.4
 Revenues 242,756 137,180 77.0 819,302 499,427 64.0
 Income before
 depreciation and
 amortization,
 interest, minority
 interest in earnings
 of consolidate
 entities and taxes 44,885 21,745 106.4 136,738 80,799 69.3
 Pre-tax income 16,565 6,739 145.8 42,685 24,960 71.0
 Income before
 extraordinary loss 9,864 4,107 140.2 25,875 15,202 70.2
 Extraordinary loss -- -- -- (446) (269) --
 Net income 9,864 4,107 -- 25,429 14,933 --
 Earnings per share:
 Before extraordinary
 loss 0.38 0.22 73.9 1.18 0.92 28.0
 Extraordinary loss -- -- -- (0.02) (0.02) --
 Earnings per share 0.38 0.22 73.9 1.16 0.90 28.6
 "1992 was an outstanding year for Columbia Hospital Corporation," said Richard L. Scott, Columbia's chairman and chief executive officer. "Not only did we achieve strong financial performance in 1992 with the third consecutive year of more than 25 percent earnings per share growth, we successfully entered a net market through the Basic American Medical, Inc. acquisition and accomplished numerous acquisitions in our existing markets that significantly strengthened Columbia's market position in these areas. As a cost effective provider of quality healthcare services, Columbia is positioned to perform well under likely healthcare reform proposals which will be discussed in 1993.
 Columbia owns and operates 26 hospitals and related healthcare businesses primarily in five Texas and Florida markets. These comprehensive healthcare networks are located in El Paso, Houston and Corpus Christi, Texas, and Miami and Fort Myers, Fla. Columbia's networks provide acute care services (approximately 5,500 licensed beds), outpatient diagnostic services, outpatient surgery, physical rehabilitation, radiation oncology, psychiatric services and skilled nursing care, as well as home health and home infusion services.
 -0- 3/8/93
 /CONTACT: Lee A. Wood of Columbia Hospital Corporation, 817-870-5900/
 (CHOS)


CO: Columbia Hospital Corporation ST: Texas IN: HEA SU: ERN

TS-LR -- NY013 -- 8365 03/08/93 08:57 EST
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Date:Mar 8, 1993
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