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PRIME MEDICAL ACQUIRES LITHOTRIPTER COMPANY, CONTINUING ACQUISITION PLAN

 AUSTIN, Texas, Jan. 4 /PRNewswire/ -- Prime Medical Services, Inc. (NASDAQ: PMSI) announced today that it has acquired two mobile lithotripters for cash and future payments based upon the net income before taxes from these two lithotripters during the next five years. These two mobile lithotripters, which serve 23 hospitals in Wisconsin, Pennsylvania, Illinois, West Virginia and Indiana, generate annual revenues of approximately $2.1 million.
 The proposed acquisition of a third mobile lithotripter which operates in Pennsylvania, has been delayed pending the successful outcome of contract negotiations between the current owner of the lithotripter and its hospital clients. Assuming a satisfactory agreement can be reached with the hospital clients, Prime intends to negotiate the purchase of this lithotripter.
 With the addition of these two lithotripters, Prime will operate a total of seven lithotripters in 10 states. During the third quarter of 1993, the company completed the acquisition of four lithotripters serving 25 hospitals in Kentucky, Tennessee, Alabama and Arkansas.
 "This latest acquisition underscores Prime's commitment to expanding our lithotripsy business," noted Jackie Majors, president of Prime. "We are encouraged by the performance of the operations acquired in recent months and continue to believe that there are excellent opportunities to expand our presence in this area. In 1994, Prime's management will focus on the acquisition of additional lithotripsy operations, as well as the continued growth of our existing operations."
 Prime Medical provides non-medical management services for lithotripsy, diagnostic imaging and cardiac rehabilitation centers. The company is headquartered in Austin.
 -0- 1/4/94
 /CONTACT: Mr. Jackie Majors, president, 601-969-9193 or Cheryl McLeod, vice president of finance, 512-328-2892, both of Prime Medical Services/
 (PMSI)


CO: Prime Medical Services, Inc. ST: Texas IN: SU: TNM

PS -- NY011 -- 8802 01/04/94 09:43 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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