Continucare Regains Compliance with AMEX Listing Standards.

Business Editors/Health/Medical Writers

MIAMI--(BUSINESS WIRE)--Dec. 2, 2003

Continucare Corporation (AMEX:CNU) announced today that the American Stock Exchange has informed the Company that it is in compliance with the Exchange's continued listing standards. The American Stock Exchange made its determination based on Continucare's financial results and financial position for the fiscal year ended June 30, 2003 and the first fiscal quarter ended September 30, 2003.

As previously reported, Continucare had fallen below certain of the Exchange's continued listing standards relating to minimum equity and operating results and was subject to delisting. In July 2002, Continucare submitted a plan to regain compliance with the Exchange's continued listing standards by December 31, 2003. The plan has now been completed.

"We are pleased to have regained compliance with the American Stock Exchange's continued listing standards," commented Richard C. Pfenniger, Jr., Continucare's Chief Executive Officer. "This is a result of the improvement in our financial results during our past fiscal year and in the first quarter of our current fiscal year and the resulting increase in our net worth."

Continucare Corporation (http://www.continucare.com), headquartered in Miami, Florida, is a holding company with subsidiaries engaged in the business of providing outpatient physical care and home healthcare services through managed care, Medicare direct and fee for service arrangements.

Except for historical matters contained herein, statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors and others are cautioned that forward-looking statements include risks and uncertainties, which may affect our business and prospects and cause actual results to differ materially from those set forth in the forward-looking statements. These factors include, without limitation, our ability to service our indebtedness and respond to capital needs, the ability to achieve expected levels of patient volumes and control the costs of providing services, pricing pressures exerted on us by managed care organizations as they seek to contain health care costs, the level of payment we receive from governmental programs and other third party payors, the ability to attract and retain qualified medical professionals, future legislation changes in governmental regulations, including possible changes in Medicare programs that may impact reimbursements to health care providers and insurers, technological and pharmaceutical improvements that increase the cost of providing, or reduce the demand, for health care, changes in revenue mix and the ability to enter into and renew managed care provider arrangements on acceptable terms, delays in receiving payments, the collectibility of uninsured accounts and deductible and co-pay amounts, general economic conditions and uncertainties generally associated with the health care business. These and other applicable risks, cautionary statements and factors that could cause actual results to differ from our forward-looking statements are included in our annual report on Form 10-K for the fiscal year ended June 30, 2003 and other filings with the SEC. We undertake no obligation to update or revise these forward-looking statements to reflect events or circumstances after the date hereof.