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PREMIER ANESTHESIA SIGNS 33RD SERVICE CONTRACT; GROWTH OBJECTIVES ON TRACK

 PREMIER ANESTHESIA SIGNS 33RD SERVICE CONTRACT;
 GROWTH OBJECTIVES ON TRACK
 ATLANTA, Sept. 25 /PRNewswire/ -- Premier Anesthesia, Inc. (NASDAQ: PRAN),the nation's leading multistate provider of contract anesthesiology services to hospitals and clinics, announced that it had signed its ninth contract this year, raising the company's total number of service contracts to 33 -- up from 24 at Dec. 31, 1991. The newest contract agreement is with a hospital located in Massachusetts (the second client hospital in that state) and began services Sept. 15, 1992.
 "We have reached our objective for the third quarter thirty days ahead of schedule," said Richard D. Ballard, president and chief executive officer. "We feel comfortable we will reach our target of 38 contracts by year end -- a 60 percent increase, over 1991."
 Expansion of the company's revenue base over the past several years has contributed to steady improvements in operating and net margins. Operating margins have increased 3.3 percent since 1989, while net margins have grown more than 2.2 percent during that same period.
 Contracts signed thus far in 1992 include hospitals in Massachusetts, Michigan, Mississippi, New York, Ohio, Pennsylvania and Texas. The hospitals range in size from 97 to 520 beds; Premier's primary market is hospitals with between 100 and 300 beds performing 2,000 or more surgeries per year.
 When asked during a series of analyst meetings in New York City what was driving the rapid growth in contract management -- and hospital anesthesia services in particular -- Ballard stated that hospital executives are looking to firms like Premier Anesthesia to help "control spiraling cost, manage increasingly restrictive and complex reimbursement systems, find ways to expand services and revenues and build physician loyalty in an intensely competitive environment."
 Premier Anesthesia, Inc. was founded in 1988, has grown from $1.1 million in annual revenues to more than $40.5 million in 1991. The company's initial public offering was completed in March, 1992; its stock is traded on NASDAQ under the symbol PRAN.
 -0- 9/25/92
 /CONTACT: Richard Ballard, president & CEO of Premier Anesthesia, 404-458-4842, or Gary Strong or Nick Farina, 312-266-7800, or Kathy Phelan, 212-661-8030, all of the Financial Relations Board, for Premier Anesthesia/
 (PRAN) CO: Premier Anesthesia, Inc. ST: Georgia IN: HEA SU: CON


TS -- NY028 -- 3486 09/25/92 11:35 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
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