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MEDIQ/PRN LIFE SUPPORT SERVICES TO ACQUIRE ATI MEDICAL

 MEDIQ/PRN LIFE SUPPORT SERVICES TO ACQUIRE ATI MEDICAL
 PENNSAUKEN, N.J., and LAS VEGAS, Dec. 12 /PRNewswire/ --


ATI Medical, Inc. (AMEX: ATI) and MEDIQ/PRN Life Support Services, Inc., a wholly owned subsidiary of MEDIQ Incorporated (AMEX: MED), today announced execution of a merger agreement pursuant to which MEDIQ/PRN will acquire all of the common stock of ATI in cash merger at $4 per share.
 ATI presently has 5,465,530 common shares outstanding.
 ATI will call a special meeting of its shareholders to vote upon the proposed merger. This special meeting will be held as soon as practicable following mailing to all ATI shareholders of a proxy statement describing the transaction.
 Consummation of the merger is subject to a number of conditions including, among others, that the merger be approved by the holders of a majority of ATI's outstanding shares and the satisfactory completion of MEDIQ/PRN's review of the business and financial condition of ATI.
 MEDIQ/PRN has obtained options from Paul E. Stevenson, chairman and chief executive officer of ATI, as well as from Stephen W. Case and Lester Grove, each of whom is an executive vice president of ATI, to acquire their ownership of approximately 24 percent of ATI's common shares at $4 per share, and such holders have agreed to vote their shares in favor of the merger.
 MEDIQ/PRN and ATI rent life support, critical care and other equipment to hospitals and others on an immediate-availability basis. MEDIQ is the parent of a group of businesses in healthcare services and health-related fields.
 /delval/
 -0- 12/12/91
 /CONTACT: Michael F. Sandler, senior vp-finance of MEDIQ, 609-665-9300, ext. 6005/
 (ATI MED) CO: ATI Medical, Inc.; MEDIQ/PRN Life Support Services, Inc.;
 MEDIQ Incorporated; ST: New Jersey, Nevada IN: HEA SU: TNM


CC-MK -- PH030 -- 2104 12/12/91 16:22 EST
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Publication:PR Newswire
Date:Dec 12, 1991
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