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CURAFLEX COMPLETES MERGER WITH CLINICAL HOMECARE

 ONTARIO, Calif., March 5 /PRNewswire/ -- Curaflex Health Services, Inc. (NASDAQ: CFLX) today announced the completion of its merger with Clinical Homecare Ltd. (NASDAQ: CLHC) in a pooling of interest transaction. The Company issued 0.43 shares of Curaflex common stock for each share of Clinical Homecare common and common equivalent shares outstanding. As a result of this transaction, there will be approximately 13.7 million shares of Curaflex Health Services common stock outstanding.
 The consolidation of certain regional pharmacy centers, as well as the reduction of duplicate corporate and administrative functions, is expected to be completed by April 1, 1993.
 Charles A. Laverty, chairman, president and chief executive officer of Curaflex, said: "The merger with Clinical Homecare is an excellent example of our strategy to take advantage of the consolidation opportunities within the home infusion therapy industry. By combining certain regional pharmacy locations and corporate and administrative functions, we expect to be able to reduce costs and improve operating margins.
 "As a result of the merger, Curaflex now has a revenue base of approximately $80 million, and still operates through 29 regional pharmacy centers, equal to the total number operated by Curaflex as of the end of 1992. By creating this critical mass and increasing revenues by more than 40% with no increase in the number of pharmacies, we expect to improve the Company's earnings performance," Mr. Laverty concluded.
 Curaflex Health Services, Inc. is a national provider of comprehensive infusion therapy and related services to patients in the home and alternative site environments. Its home infusion therapy operations include regional centers and satellite facilities strategically located in major U.S. markets. The company also provides infusion therapy as part of a broader program of clinical care, at disease-specific outpatient centers focusing on treatment of complex long-term diseases.
 -0- 3/5/93
 /CONTACT: Robert Borchert, 212-986-5900, or Ken Dennard, 415-296-7383, both of Morgen-Walke Associates, for Curaflex Health Services, Inc./
 (CFLX)


CO: Curaflex Health Services, Inc.; Clinical Homecare Ltd. ST: California IN: HEA SU: TNM

LR -- NY023 -- 3428 03/05/93 12:03 EST
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Publication:PR Newswire
Date:Mar 5, 1993
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