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NATIONAL HOME HEALTH CARE ANNOUNCES EARNINGS

 NATIONAL HOME HEALTH CARE ANNOUNCES EARNINGS
 YONKERS, N.Y., Oct. 29 /PRNewswire/ -- National Home Health Care


Corp. (NASDAQ-NMS: NHHC) today announced record net income of approximately $1,847,000 or $.39 per share for the fiscal year ended July 31, 1992 as compared to $1,609,000 or $.34 per share for the prior fiscal year ended July 31, 1991. The company achieved record revenues for the fiscal year ended July 31, 1992 of approximately $22,538,000 as compared to $17,073,000 for the fiscal year ended July 31, 1991.
 Net income for the fourth quarter ended July 31, 1992 was approximately $429,000 or $.09 per share as compared to net income of approximately $511,000 or $.10 per share for the comparable quarter ended July 31, 1991. Revenues for the fiscal 1992 fourth quarter were approximately $6,441,000 as compared to $4,952,000 for the corresponding three month period of 1991. Net income decreased in the fourth quarter of 1992 as compared to 1991 due to increased expenses incurred in conjunction with the acquisition of Hitech Registered Nurses of New Jersey, Inc. in May 1992, coupled with start-up expenses incurred as a result of the expansion of Health Acquisition Corp. to include home intravenous infusion therapy and skilled nursing services in the five boroughs of New York City and its surrounding counties.
 In addition, the company announced today that its wholly-owned subsidiary, Brevard Medical Centers, Inc., has commenced discussions with Genesis Health Systems, a Florida-based company that contracts with Medicaid subscribers under a prepaid health care plan with the State of Florida. Under an agreement with Genesis, Brevard would be a provider of outpatient medical services to subscribers in the Genesis plan in Brevard County, Florida. The two companies will also look to expand this relationship in additional areas.
 -0- 10/29/92
 /CONTACT: Robert P. Heller, CFO of National Home Health Care Corp., 914-776-6800/
 (NHHC) CO: National Home Health Care Corp. ST: New York IN: HEA SU: ERN


TS-AH -- NY054 -- 6624 10/29/92 13:36 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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