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PMR ANNOUNCES STRATEGIC PRODUCT ACQUISITION

 SAN DIEGO, Feb. 2 /PRNewswire/ -- PMR Corp. (NASDAQ: PMRP) today announced the signing of a letter of intent with Co-A-Les Corp. of Boston, a development stage company, for the acquisition of a proprietary framework and service design that will include the individual technologies and procedure software necessary to create a managed care and cost containment environment that will assist persons with a serious and persistent mental illness to advance through the treatment and recovery process.
 The letter of intent, which is subject to the negotiation of a definitive agreement, provides for Co-A-Les to receive up to 300,000 shares of PMR common stock depending upon the pre-tax earnings of PMR's managed care subsidiary during the next four years.
 Designed under the direction of William Anthony, Ph.D., and Mikal Cohen, Ph.D., this technology will help position PMR to provide cost containment strategies for those whose care is currently financed through the public sector. Anthony and Cohen will provide continuing consulting and support services to the PMR subsidiary in connection with the implementation, marketing and further development of the managed care cost containment system.
 "This patient population is consistently among the highest users of Medicare, Medicaid and county dollars," noted Allen Tepper, chief executive officer of PMR. "Controlling the cost of their care is critical to meeting President Clinton's objectives of achieving meaningful health care cost containment, while providing increased access. Examples of how costs have run away are plentiful," Tepper continued. "In one California county, for instance, a full 33 percent of the $90 million-plus budget is spent on under 3 percent of the population served. Yet, we have precious little to show in terms of meaningful recovery for the patient and control of costs. With the help of this new product design and technologies we believe that we will be able to reduce these expenditures as we increase access to care. We believe that PMR will be positioned to create important public/private partnerships geared to creating both qualitative and financial solutions."
 Anthony, an internationally known spokesperson on the needs of persons with a serious mental illness, noted, "that this agreement give us the joint opportunity to create and direct service systems that are individualized, consumer-driven and focused on the vision that consumers can and will recover from mental illness given well- designed support systems and highly trained and skilled personnel." Cohen, the creator of several mental health technology products noted that "contrary to the assumption that the values of consumers of mental health services are incompatible with cost containment, it is our belief that given a choice and individualized options, consumers will want and need a comprehensive, but less costly service system."
 PMR is a San Diego-based company operating 23 psychiatric partial hospitalization facilities in affiliation with acute care hospitals throughout California, Arizona and in Indiana. To add names to PMR's fax news service, or for further information, call Louise Dougherty at 619-295-2227.
 -0- 2/2/93
 /CONTACT: Louise Dougherty of PMR, 619-295-2227/
 (PMRP)


CO: PMR Corp. ST: California IN: HEA SU: TNM

JB-EH -- SD004 -- 1906 02/02/93 13:03 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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