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HEALTH MANAGEMENT INTERNATIONAL ANNOUNCES YEAR-END RESULTS

 HEALTH MANAGEMENT INTERNATIONAL ANNOUNCES YEAR-END RESULTS
 ANDOVER, Mass., Sept. 28 /PRNewswire/ -- Health Management International, Inc. (NASDAQ: HMI) has reported record revenue and earnings for its fiscal year ended June 30, 1992. Revenues increased significantly to $6,984,280 compared with $1,189,903 for the previous year. Net earnings were $47,847 or $.05 per share, compared with a loss of $515,092 or $.40 per share for the 1991 fiscal year.
 Results for fiscal 1992 reflect the December 1991 acquisition of Diet Workshop, a company that provides weight reduction and control services and distributes food products and vitamin supplements.
 Christopher T. Jenny, HMI co-chairman, said he was "very encouraged by the 1992 results. This was by far the strongest performance in our company's four-year history. With the acquisition of Diet Workshop, we have gained an excellent franchise in an important and growing market."
 Health Management International, based in Andover, was founded in 1988 by its co-chairmen, Mr. Jenny and Dr. Alan P. Xenakis. The company operates two wholly owned subsidiaries: Diet Workshop and Xenejenex, Inc., a health-care communications company which produces and distributes health-care videos.
 HEALTH MANAGEMENT INTERNATIONAL, INC.
 1992 1991
 Revenues $6,984,280 $1,189,903
 Net income (loss) 47,847 ($515,092)
 Earnings per share $0.05 ($0.40)
 Weighted average shares
 outstanding 5,022,575 1,299,315
 -0- 9/28/92
 /CONTACT: Steven F. Smith of Health Management International, 508-475-1700/
 (HMI) CO:a?lth Management International, Inc. ST: Massachusetts IN: HEA SU: ERN


AH-TM -- NY004 -- 3838 09/28/92 09:00 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
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