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SALICK HEALTH CARE POSTS RECORD SECOND QUARTER AND FIRST HALF 1993 RESULTS

 Second Quarter Net Income up 47 Percent From Year-Ago Quarter
 LOS ANGELES, April 7 /PRNewswire/ -- Salick Health Care Inc. (NASDAQ: SHCI) today reported record revenues, operating income and net income for the second fiscal quarter and first half ended Feb. 28, 1993.
 Net revenues for the second quarter 1993 advanced 23 percent to $28.1 million from $22.9 million in the year-earlier quarter. Operating income and net income rose 23 percent and 47 percent to $3.4 million and $2.3 million, respectively, compared with $2.8 million and $1.5 million a year ago. The company posted fully diluted earnings per share, with 22 percent more shares outstanding, of $0.24 vs. $0.21 a year earlier.
 For the six months ended Feb. 28, 1993, net revenues increased 26 percent to a record $55.1 million from $43.7 million in the comparable 1992 period. Operating income and net income rose 27 percent and 53 percent to $6.8 million and $4.3 million, respectively, from the year-earlier period. Fully diluted earnings per share, with 28 percent more shares outstanding, were $0.48 vs. $0.42 a year ago.
 Dr. Bernard Salick, chairman and chief executive officer, said, "Our business continues to show solid growth. This past quarter is our ninth consecutive record quarter measured by revenues and net income. Increased services and patient volume at our comprehensive cancer centers contributed substantially to the record results achieved in the past six months, while margins remained steady.
 "We have taken steps to strategically position Salick Health Care to fill the growing demand for the quality disease-specific services that our Comprehensive Cancer Centers provide. We believe these steps will allow us to effectively operate under managed competition or other changes which may occur in the health care system."
 Salick Health Care is a leading provider of diagnosis and treatment to patients with catastrophic illness requiring sophisticated long-term care, principally in the areas of cancer, kidney failure, organ transplantation and other immunodeficient diseases. These services are provided at alternate sites including outpatient facilities and the patient's home.
 Salick currently operates nine comprehensive cancer centers throughout the country which contribute 70 percent of total company revenues. It also operates eight outpatient dialysis centers and provides inpatient dialysis services at 21 hospitals. Through its recently established INFUSX subsidiary, Salick provides various infusion and related services in the patient's home and at specialized facilities for the treatment of complex chronic diseases.
 For information on Salick by fax, dial 800-PRO-INFO, ext. 131.
 SALICK HEALTH CARE INC.
 Consolidated Statements of Income
 (000s omitted, except per share data)
 (Unaudited)
 Three months ended
 Feb. 28, Feb. 29,
 1993 1992
 Operating revenues, net $28,102 $22,931
 Operating income 3,434 2,796
 Income before income taxes 3,641 2,530
 Provision for income taxes 1,384 990
 Net income $2,257 $1,540
 Earnings per share:
 Primary $0.26 $0.23
 Fully diluted $0.24 $0.21
 Weighted average number of
 shares outstanding:
 Primary 8,567 6,706
 Fully diluted 10,418 8,571
 Six months ended
 Feb. 28, Feb. 29,
 1993 1992
 Operating revenues, net $55,066 $43,732
 Operating income 6,814 5,346
 Income before income taxes 7,034 4,723
 Provision for income taxes 2,690 1,891
 Net income $4,344 $2,832
 Earnings per share:
 Primary $0.51 $0.46
 Fully diluted $0.48 $0.42
 Weighted average number of
 shares outstanding:
 Primary 8,539 6,209
 Fully diluted 10,390 8,088
 SALICK HEALTH CARE INC.
 Selected Balance Sheet Data
 (000s omitted)
 Feb. 28, 1993 Aug. 31, 1992
 (Unaudited)
 Cash and marketable securities $42,489 $41,528
 Total assets 140,108 131,018
 Long-term debt 28,329 28,362
 Capital leases 5,077 5,314
 Stockholders' equity 86,663 82,214
 Other balance sheet data:
 Working capital 59,104 58,732
 Current ratio 4.0:1 4.9:1
 Long-term debt/equity 33 pct 34 pct
 -0- 4/7/93
 /CONTACT: Leslie Bell, CFO and executive VP of Salick Health Care, 213-966-3410; or Nick Farina (Chicago), 312-266-7800, or John H. Shaw (LA), 818-783-2400, both of The Financial Relations Board for Salick Health Care/
 (SHCI)


CO: Salick Health Care Inc. ST: California IN: HEA SU: ERN

JL-MS -- LA015 -- 3671 04/07/93 09:03 EDT
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Date:Apr 7, 1993
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