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MAXUM REPORTS THIRD QUARTER EARNINGS

 MAXUM REPORTS THIRD QUARTER EARNINGS
 DALLAS, Oct. 30 /PRNewswire/ -- Maxum Health Corp. (AMEX: MXH) today


reported results for the third quarter ended Sept. 30, 1992. Revenues for the period reached $11.9 million, up 32 percent from $9.0 million for the third quarter last year. Pre-tax income of $135,000 or $.05 per share this year compared favorably with a net loss applicable to common stock of $125,000, or ($.09) per share during the third quarter of 1991, and was consistent with analysts' expectations.
 Maxum's Chairman and Chief Executive Officer, William L. MacKnight, commented, "We began 1992 implementing strategies directed toward longer-term performance in our industry. Throughout the first half, we strengthened our core contract service business and extended our competencies to imaging center operations and equipment maintenance services.
 "Our first quarter equipment trade-out," added MacKnight, "was a necessary adaptation to a changing operating environment. Although it was associated with first half losses, we returned to profitability in June. We believe this and other steps to strengthen the fundamentals of our business position Maxum favorably in its field for the remainder of this year and forward."
 MacKnight concluded, "Our primary service, magnetic resonance imaging (MRI), is a clinically and cost-effective health service, consistent with the mandate for affordable care. The market continues to grow at an annual rate of around 13 percent from new uses."
 Maxum Health Corp. owns and operates imaging centers and provides diagnostic imaging and lithotripsy under service contracts with nearly 150 hospitals.
 MAXUM HEALTH CORP.
 Financial Summary
 (Dollars in thousands, except per share data)
 (Unaudited)
 Three Months Ended Increase (Decrease)
 Sept. 30, Over 1991
 1992 1991 In Dollars Percentage
 Revenues:
 Patient services $ 9,659 $ 7,017 $ 2,642 38
 Lease and other 2,271 2,020 251 12
 Total revenues 11,929 9,037 2,893 32
 Costs and expenses:
 Employee compensation
 and benefits 3,267 2,702 565 21
 Equipment maintenance
 and operation 1,304 952 351 37
 Equipment leases 2,535 1,672 864 52
 Depreciation and
 amortization 1,789 1,758 31 2
 Other operating expenses 2,570 1,157 1,413 122
 Total 11,466 8,241 3,225 39
 Income from Company
 operations 464 796 (333)
 Equity in earnings of
 partnerships 300 266 34 13
 Operating income 764 1,062 (299) (28)
 Interest expense (629) (1,092) 463 42
 Net income (loss) 135 (30) 164 549
 Preferred stock dividends -- (95) 95
 Income (loss) applicable
 to common stock $ 135 $ (125) $ 260
 Per Share Data:
 Earnings (loss) per
 common share $ 0.05 $ (0.09)
 Weighted average
 common shares
 outstanding 2,984,558 1,350,667
 Nine Months Ended Increase (Decrease)
 Sept. 30, Over 1991
 1992 1991 In Dollars Percentage
 Revenues:
 Patient services $25,669 $19,456 $ 6,213 32
 Lease and other 5,955 6,134 (179) (3)
 Total revenues 31,624 25,590 6,034 24
 Costs and expenses:
 Employee compensation
 and benefits 9,392 7,393 1,999 27
 Equipment maintenance
 and operation 3,414 2,637 777 29
 Equipment leases 7,112 4,379 2,733 62
 Depreciation and
 amortization 4,968 5,719 (751) (13)
 Other operating expenses 6,621 3,643 2,978 82
 Total 31,506 23,771 7,735 33
 Income from Company
 operations 118 1,819 (1,701)
 Equity in earnings of
 partnerships 936 315 621 197
 Operating income 1,054 2,134 (1,080) (51)
 Interest expense (1,969) (3,206) 1,237 39
 Net income (loss) (915) (1,072) 157 15
 Preferred stock dividends -- (253) 253
 Income (loss) applicable
 to common stock $ (915) $ (1,325) $ 410
 Per Share Data:
 Earnings (loss) per
 common share $ (0.32) $ (1.01)
 Weighted average
 common shares
 outstanding 2,825,027 1,306,222
 -0- 10/30/92
 /CONTACT: Nancy J. Corday, senior vice president of Maxum Health Corp., 214-716-6200/
 (MXH) CO: Maxum Health Corp. ST: Texas IN: HEA SU: ERN


SH -- NY015 -- 6984 10/30/92 09:06 EST
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Date:Oct 30, 1992
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