DASCO COMPANIES and West Boca Medical Center celebrate second phase completion of health park.

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 3, 1996--Continuing its mission to provide family-centered health care services in one of the fastest growing areas of Palm Beach County, West Boca Medical Center ("WBMC") chose DASCO COMPANIES to develop a 74,000 square foot ambulatory care center and physician office facility on their hospital campus.

A grand opening celebration will be held at the West Boca Medical Arts Pavilion II on Tuesday, Oct. 8, 1996 from 5:30 p.m. to 8:30 p.m. The Pavilion is located at 9970 Central Park Blvd. in Boca Raton, on the hospital campus, fronting State Road 7/US 441.

The four-story West Boca Medical Arts Pavilion II has been designed to house additional medical services to meet the growing healthcare needs of the surrounding communities. On-site services offered to the community will include:

-- Family Medicine -- Internal Medicine

-- Neurology -- Pediatrics

-- OB/GYN -- Orthopaedics

-- Physical Therapy/Rehabilitation -- Outpatient Surgery

-- Plastic Surgery -- Urology 

DASCO COMPANIES, a wholly owned subsidiary of PhyMatrix Corp. (Nasdaq:PHMX), successfully developed the first phase of this health park, West Boca Medical Arts Pavilion I, a 49,000 square foot facility which was completed in June of 1993. Due to the success of the first building as well as successes developing other medical facilities for Tenet Healthcare Corp. nationwide, DASCO was selected to develop this latest medical facility.

"I'm very pleased that West Boca Medical Center chose DASCO to meet its medical facility development needs. DASCO's innovative equity model, open communication and industry experience have been great assets to both the hospital and the physicians," said Richard Gold, chief executive officer for WBMC. "DASCO knows the intricacies of the healthcare industry and has a great reputation among physicians in Boca Raton and surrounding areas," said Gold. According to Doug Lerner, vice president of Medical Office Building Development for Tenet Healthcare Corp., the Hospital's parent company, "DASCO was chosen to develop this project due to their excellent track record and the continued successes they have had with Tenet facility development nationwide."

Physician practices and services that will be located in the new West Boca Medical Arts Pavilion II include: West Boca Medical Center Outpatient Surgery Center; Pinecrest Rehabilitation; The Neurological Institute (Dr. Robert Schiftan); Dr. Richard Nierenberg; Boca Raton Orthopaedic Group - MedPartners (Drs. Leo Quinn, Burton Wollowick, Joseph Purita, Peter Schosheim, Michael Krebsbach, and Charles Stewart); The Medical Center (Dr. Angel Garcia); Dr. Larry Charme; Dr. Michael Charme; Dr. Frederick Silfen; The Family Doctor (Dr. Steven Schaeffer); Cosmetic and Plastic Surgery Associates (Drs. Bose Yalamanchi, David Levens, and F. Leigh Phillips III); Lighthouse Orthopaedic Management Group (Drs. Dominic Kleinhenz, Thomas Goberville, Bruce Young, William McKay, and George Kolettis); LHP Sports Rehab Centre; West Boca Pediatrics (Drs. Dean Katzin and Norina Ocampo); The Psychological Group of Boca Raton; Florida OB/GYN Associates (Drs. Marc Schlosser, Stuart Rubinstein, Tara Solomon, David Ellman, and Christine Collins DaSilva); Adult & Pediatric Urology (Drs. Matthew Lief and Evan Rosen); Center for Advanced Pediatric Surgery (Dr. Melvyn Karp); Dr. Zorik Spektor; and Dr. Charles Flack.

West Boca Medical Center opened in 1986 in response to a recognized community need for modern, family-centered health care services. Owned by Tenet Healthcare Corp., WBMC has rapidly evolved as a major provider of specialized services for women, infants and children which provides a full-range of medical, surgical and 24 hour emergency services for the entire community. Due to its convenient location on Route 441 between Palmetto Park Road and Glades Road and proximity to both the Florida Turnpike and the Sawgrass Expressway, WBMC services the residents of both Southern Palm Beach and Northern Broward Counties. Committed to excellence in the provision of high quality services, WBMC is a 185 bed, fully accredited hospital.

Founded in 1985, DASCO COMPANIES is the nation's largest full-service, medical real estate development and management company. With offices in West Palm Beach, Fla., Dallas, Las Vegas, San Diego, Philadelphia, Boston and Atlanta, DASCO has attracted the industry's top professionals to its development team. Through its team approach, DASCO has developed a reputation among health care providers for offering innovative development programs producing cost effective, high quality, outpatient and medical office facilities.

CONTACT: DASCO COMPANIES, Boca Raton

Christopher M. Bowen, Vice President, 800/452-8121