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PHP HEALTHCARE ANNOUNCES STOCK REPURCHASE PROGRAM

 PHP HEALTHCARE ANNOUNCES STOCK REPURCHASE PROGRAM
 ALEXANDRIA, Va., Dec. 16 /PRNewswire/ -- PHP Healthcare


Corporation (NASDAQ-NMS: PHPH) announced that its board of directors has authorized the company to commence a program to purchase up to a maximum of 100,000 shares of the company's common stock. Purchases will be made from time to time in the open market or otherwise, subject to the requirements of applicable laws.
 Charles H. Robbins, chairman of PHP Healthcare, stated: "This action reflects the board's belief that the company's shares are presently undervalued, and its confidence in the company's long term prospects." The shares will be held as treasury shares for delivery upon the exercise of stock options granted by the company. The stock closed Friday at $17.75 a share. There are currently about 5,249,511 shares outstanding.
 PHP Healthcare is a diversified managed care company that specializes in building cost effective health delivery partnerships with government at the local, state and federal levels and now the private sector.
 -0- 12/16/91
 /CONTACT: Charles H. Robbins, president and chairman, or Anthony Picini, vice president/finance, PHP Healthcare Corporation, 703-998-7808/
 (PHPH) CO: PHP Healthcare Corporation ST: Virginia IN: HEA SU: RCN


SB -- DC005 -- 2380 12/16/91 09:08 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:206
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