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HOMEDCO ANNOUNCES PRELIMINARY 2ND QUARTER OPERATING RESULTS

 FOUNTAIN VALLEY, Calif., April 19 /PRNewswire/ -- Homedco Group, Inc., (NASDAQ: HOME) today announced preliminary revenues and earnings for the second quarter of the company's fiscal year.
 Total revenues for the quarter ended March 31, 1993 will be over $116.0 million, compared to $69.4 million for the same quarter last year. The company's two major business lines, home respiratory therapy and home infusion therapy, will have revenues of approximately $78.5 million and $18.8 million, respectively. The revenue increase is attributable to the acquisition of Glasrock Home Health Care, Inc., concluded during fiscal 1992, and also to strong growth from existing locations. Management stated that earnings per share for the quarter will be within a range of $0.43 to $.45, compared to $0.31 for the same quarter last year. The company expects to release final second quarter results within 20 days.
 Homedco Group, Inc. is a leading integrated provider of home health care services, offering home respiratory therapy, home infusion therapy and home medical equipment. The company is traded on the NASDAQ over- the-counter national market system with the symbol HOME.
 -0- 4/19/93
 /CONTACT: Lawrence H. Smallen, chief financial officer of Homedco Group, Inc., 714-755-5600 ext. 205/
 (HOME)


CO: Homedco Group, Inc. ST: California IN: HEA SU: ERN

LD -- NY011 -- 7119 04/19/93 07:30 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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