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ACCUHEALTH REPORTS SECOND QUARTER RESULTS NET INCOME UP 286 PERCENT FROM PRIOR YEAR RECORD REVENUE

 ACCUHEALTH REPORTS SECOND QUARTER RESULTS
 NET INCOME UP 286 PERCENT FROM PRIOR YEAR RECORD REVENUE
 BRONX, N.Y., July 29 /PRNewswire/ -- Accuhealth, Inc., (NASDAQ: ACCU common stock; ACCUW, warrants; ACCUU, units) reported record quarterly revenues for the three months ended June 30, 1992. For the second quarter ended June 30, 1992, revenue of $10,065,946 increased 11.5 percent from the $9,029,902 reported for the same period last year. Net income of $195,122 increased 286 percent from $50,548 for the second quarter of 1991. Earnings per share of $0.13 increased 333 percent from last year's second quarter EPS of $0.03.
 For the six months ended June 30,1992, Accuhealth reported revenue of $19,578,386 versus $17,091,397 representing an increase of 14.6 percent. Net income for the first six months of 1992 was $353,822 versus $109,023, an increase of 224 percent. Earnings per share of $0.23 represents a 229 percent increase from EPS of $0.07 for the prior year's first six months.
 Accuhealth attributed its continued strong performance to increased revenue and profitability from its infusion therapy operations and drugstores. Revenue from Accuhealth's home care division increased 27.4 percent from the first six months of 1991 to the same period in 1992, and drugstore sales increased by 13.6 percent. Home health care net sales for the quarter ended June 30, 1992 increased by 4.5 percent over the same period of 1991. The increase in the home health care division was principally due to increased activity in the company's infusion therapy operation, offset in part by a decrease in the company's durable medical equipment operation. The decrease in sales of durable medical equipment is as a result of management's decision to de-emphasize the unprofitable aspects of this area of the company's business and to re- allocate resources to infusion therapy.
 ACCUHEALTH, INC.
 Summary of Financial Information
 (unaudited)
 Three months
 Period ended June 30 1992 1991 Pct. Increase
 Net sales $10,065,946 $9,029,902 11.5
 Gross profit 3,061,500 2,580,136 18.7
 Operating inc. 413,163 175,956 134.8
 Income before tax 314,122 53,548 486.6
 Net income 195,122 50,548 286.0
 Earnings per share .13 0.03 333.3
 Avg. shares outstg. 1,550,000 1,550,000 --
 Six months
 Period ended June 30 1992 1991 Pct. Increase
 Net sales $19,578,386 $17,091,397 14.6
 Gross profit 6,185,994 5,329,369 16.1
 Operating inc. 808,158 385,880 109.4
 Income before tax 609,822 166,023 425.6
 Net income 353,822 109,023 224.5
 Earnings per share .23 0.07 228.6
 Avg. shares outstg. 1,550,000 1,550,000 --
 Accuhealth is a leading health care company in the metropolitan New York market. Its operations include a home health care business specializing in infusion therapy and a chain of nine retail pharmacies operating under the name "Leroy Pharmacies." The integration of Accuhealth's home health care and pharmacy operations has enabled the company to serve the needs of critically ill patients, including the AIDS population.
 -0- 7/29/92
 /CONTACT: Stanley Leplestat of Accuhealth, 212-518-9511, or Michelle Sotnikow, 212-867-6160, of Howard Bronson & Company, for Accuhealth/
 (ACCU) CO: Accuhealth, Inc. ST: New York IN: HEA SU: ERN


AH-LR -- NY062 -- 4636 07/29/92 13:02 EDT
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Date:Jul 29, 1992
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