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QUANTUM HEALTH RESOURCES ANNOUNCES COMPLETION OF ITS ACQUISITION OF FACTOR CARE PLUS

 QUANTUM HEALTH RESOURCES ANNOUNCES COMPLETION
 OF ITS ACQUISITION OF FACTOR CARE PLUS
 ORANGE, Calif., May 4 /PRNewswire/ -- Quantum Health Resources Inc. (NASDAQ: QHRI) announced today that it has consummated its acquisition of all of the outstanding shares of Factor Care Plus Inc. ("FCP") in exchange for 235,000 shares of Quantum common stock. The acquisition will be accounted for as a pooling of interests. FCP, a Tampa, Fla.-based provider of home therapies and services to individuals affected by hemophilia, will become Quantum's 18th licensed branch. FCP's revenues for the 12 months ended Dec. 31, 1991, approximated $4.0 million.
 Quantum Health Resources Inc. is a national provider of therapies and support services to individuals affected by certain chronic disorders requiring long-term therapy. Quantum's Chronicare (tm) philosophy of care provides therapies and services which enable each patient and family to manage the patient's condition with greater independence, address psychosocial issues related to the disorder and manage the financial burden of the cost of care.
 -0- 5/4/92
 /CONTACT: Douglas H. Stickney, chairman, CEO and president, or William James Nicol, senior VP and CFO of Quantum Health Resources, 714-750-1610; or Gary Strong of The Financial Relations Board, 312-266-7800, for Quantum Health Resources/
 (QHRI) CO: Quantum Health Resources Inc.; Factor Care Plus Inc. ST: California, Florida IN: HEA SU: TNM


CH -- LA006 -- 5814 05/04/92 08:07 EDT
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Publication:PR Newswire
Date:May 4, 1992
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