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COLUMBIA SELLS THREE HOSPITALS AND SETTLES LAWSUIT

 FORT WORTH, Texas and LOUISVILLE, Ky., Aug. 17 /PRNewswire/ -- Columbia Hospital Corporation (NYSE: COL) and Galen Health Care, Inc. (NYSE: GHC) today jointly announced that Columbia has sold two hospitals to a subsidiary of Adventist Health System/Sunbelt Health Care Corporation. The hospitals involved are Kissimmee Memorial Hospital in Kissimmee, Florida, and Willow Creek Hospital in Arlington, Texas. The companies also announced that Columbia sold Thomasville Hospital in Thomasville, Alabama to local management and other investors. Kissimmee Memorial and Thomasville were both acquired by Columbia in the Basic American Medical, Inc. acquisition in July 1992.
 The sale of Kissimmee Memorial and Willow Creek to Adventist also settles a lawsuit filed by Adventist against Columbia and Galen last month in connection with the proposed merger.
 "We believe the sale of Kissimmee Memorial eliminates concerns the Federal Trade Commission had regarding Columbia's ownership of two hospitals in Osceola County," said Richard L. Scott, Chairman and Chief Executive Officer of Columbia. Mr. Scott also commented that "the sale of Thomasville nearly completes our divestiture plan for the former Basic American properties."
 Carl F. Pollard, Chairman and Chief Executive Officer of Galen, added that "Columbia sold its Kissimmee hospital in an effort to reduce potential FTC concerns regarding the merger. We were also able to settle a lawsuit in the process, which enhances our ability to complete the merger between Columbia and Galen on September 1."
 Columbia Healthcare Corporation, as the new company will be called, will be one of the largest healthcare companies in the nation, building strategic, comprehensive healthcare networks in over 20 metropolitan markets. It will own and operate 96 hospitals and additional complementary healthcare facilities located in 19 states and two foreign countries.
 -0- 8/17/93
 /CONTACT: Richard A. Lechleiter, Galen Health Care, Inc., 502-572-2143/
 (GHC COL)


CO: Galen Health Care, Inc.; Columbia Hospital Corporation ST: Kentucky, Texas IN: HEA SU:

SB -- CH010 -- 3785 08/17/93 18:48 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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