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QUANTUM HEALTH RESOURCES INC. REPORTS RECORD QUARTERLY FINANCIAL RESULTS

 QUANTUM HEALTH RESOURCES INC.
 REPORTS RECORD QUARTERLY FINANCIAL RESULTS
 ORANGE, Calif., April 29 /PRNewswire/ -- Quantum Health Resources Inc. (NASDAQ: QHRI) today reported record revenues and earnings in the first quarter ended March 31, 1992. Revenues increased 46 percent to $22,594,400 from $15,446,500 for the first quarter of 1991. Net income was $2,028,300, or $0.15 per share, compared with $758,800, or $0.07 per share, for the same period a year ago.
 Chairman, Chief Executive Officer and President Douglas H. Stickney said, "These latest results were primarily due to increased sales of protein replacement therapies for the three chronic disorders we have targeted to date -- hemophilia, alpha1-antitrypsin deficiency and primary immunodeficiency diseases. In addition, favorable inventory acquisition costs and improving branch efficiencies enabled us to report further gains in total branch contribution to earnings. These factors offset the added costs from our investments in new branch and sales/service locations and an expanded marketing force. As a result, net income rose almost 170 percent and earnings per share more than doubled, despite a 31 percent increase in outstanding shares, over the year-ago quarter."
 Stickney credited the ongoing demand for, and acceptance of, the company's therapies and support services to "the unique focus Quantum places on understanding and responding to the vast array of special needs shared by patients, physicians, families, payors and others involved with clinical disorders, above and beyond the immediate clinical requirements associated with each disease state."
 Quantum's balance sheet remains extremely strong and features cash and investments of $31.6 million, no debt and total equity of $56.3 million. The company's cumulative cash flow has been positive since its April 1991 initial public offering. Quantum now operates 17 licensed branches and seven sales/service offices; its three newest branches in Seattle; Pompano Beach, Fla.; and Atlanta, have been licensed since the beginning of 1992.
 On March 24, 1992, Quantum announced that it had signed a letter of intent with the owners of Factor Care Plus Inc. ("FCP"), a Tampa, Fla.-based provider of home therapies and services to individuals affected by hemophilia. Quantum plans to acquire 100 percent of FCP's capital stock in exchange for 235,000 shares of Quantum common stock; this transaction will be accounted for as a pooling of interests and is expected to close on or about May 1, 1992. "FCP is expected to make a positive contribution to the company's financial results over the remainder of 1992," according to Stickney.
 Quantum Health Resources Inc. is a national provider of therapies and support services to individuals affected by certain long-term chronic disorders requiring lifelong therapy. Quantum's Chronicare(TM) service is designed to provide therapies and services which enable patients and their families 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.
 QUANTUM HEALTH RESOURCES INC. AND SUBSIDIARIES
 Summary Statement of Income
 (Unaudited)
 Three Months Ended
 March 31, March 31,
 1992 1991
 Revenues $22,594,400 $15,446,500
 Operating income 2,849,200 1,311,500
 Net income $2,028,300 $758,800
 Earnings per share $0.15 $0.07
 Weighted average shares
 outstanding 13,538,000 10,296,000
 QUANTUM HEALTH RESOURCES INC. AND SUBSIDIARIES
 Selected Balance Sheet Items
 March 31, 1992 Dec. 31, 1991
 (Unaudited)
 Current assets $64,315,200 $60,949,900
 Total assets $67,591,800 $63,857,200
 Liabilities $11,247,900 $11,697,700
 Stockholders' equity $56,343,900 $52,159,500
 -0- 4/29/92
 /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: ERN TNM


DM-JL -- LA004 -- 4158 04/29/92 08:02 EDT
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Date:Apr 29, 1992
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