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SUNRISE MEDICAL ANNOUNCES PUBLIC OFFERING OF 3 MILLION PRIMARY SHARES AT $28-3/8 PER SHARE

 TORRANCE, Calif., Feb. 2 /PRNewswire/ -- Sunrise Medical Inc. (NYSE: SMD) announced today the public offering of 3 million primary shares of its common stock at a price of $28-3/8 per share.
 The underwriting group for the offering is being managed by Kidder, Peabody & Co. Inc.; Goldman, Sachs & Co.; and Smith Barney, Harris Upham & Co.
 Of the 3 million shares, 2,500,000 are being offered in the United States by the underwriting group. The remaining 500,000 shares are being offered outside of the United States by Kidder, Peabody International Ltd.; Goldman Sachs International Ltd.; and Smith Barney, Harris Upham & Co. Inc. In addition, the company has granted to the underwriters a 30-day option to purchase up to 450,000 shares to cover over-allotments, if any, in connection with the offering.
 Net proceeds from the sale of common stock will be approximately $81 million, assuming no exercise of the over-allotment option, and will be used for repayment of long-term debt, potential future acquisitions, and general corporate purposes.
 Sunrise Medical designs, manufactures and markets internationally medical products used in the rehabilitation and recovery phases of patient care. Products include custom manual and electric wheelchairs, ambulatory and bath aids, patient-room beds and furnishings, and therapeutic mattres? for the management of pressure sores. Sunrise products are designed to meet the special needs of four groups of people: the disabled, the elderly, the recovering patient and the health conscious consumer.
 A copy of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from the offices of Kidder, Peabody & Co. Inc., 10 Hanover Square, New York, NY 10005; Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004; or Smith Barney, Harris Upham & Co. Inc., 1345 Avenue of the Americas, New York, NY 10105.
 -0- 2/2/93
 /CONTACT: Ted N. Tarbet of Sunrise Medical Inc., 310-328-8018, or Susan Noonan of Noonan/Russo Communications, 212-979-9180, for Sunrise Medical Inc./
 (SMD)


CO: Sunrise Medical Inc. ST: California IN: MTC SU: OFR

PS-BR -- NYON1 -- 1698 02/02/93 09:18 EST
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Publication:PR Newswire
Date:Feb 2, 1993
Words:343
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