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RX MEDICAL SERVICES MAKES 17TH ACQUISITION AS IT ACQUIRES LAWRENCE MEDICAL LABORATORY

 RX MEDICAL SERVICES MAKES 17TH ACQUISITION
 AS IT ACQUIRES LAWRENCE MEDICAL LABORATORY
 NEWPORT BEACH, Calif., Aug. 24 /PRNewswire/ -- Rx Medical Services Corp. (AMEX: RXM) (RXM) announced today that it has agreed to acquire Lawrence Medical Laboratory. RXM said that this acquisition was part of its ongoing plan to broaden its base of business in Southern California. Lawrence Medical, which operates in Los Angeles County, is a 40-year-old clinical laboratory which specializes in the extended-care market, servicing nursing homes and acute-care facilities. This marks RXM's 17th acquisition completed within the last 18 months, and it is anticipated to increase RXM's total revenues to in excess of $22.5 million per year.
 RXM has entered into an employment contract with Bruce Golovkin, the previous owner and operator of Lawrence Medical. Golovkin will join RXM in a senior position as laboratory manager.
 -0- 8/24/92
 /CONTACT: Maurice A. Levy of Rx Medical Services, 714-474-3000/
 (RXM) CO: Rx Medical Services Corp. ST: California IN: HEA SU: TNM


EH-AL -- LA009 -- 2517 08/24/92 10:43 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
Words:173
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