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ADVACARE ANNOUNCES COMPLETION OF ACQUISITIONS

 ADVACARE ANNOUNCES COMPLETION OF ACQUISITIONS
 HORSHAM, Pa., Aug. 17 /PRNewswire/ -- AdvaCare, Inc. (NASDAQ: AVCR)


today announced the acquisitions of three related companies that provide accounts receivable management services to physicians and another company that provides hospital accounts receivable management and billing services and accounts receivable funding. The acquired companies had combined revenues in 1991 of approximately $7.8 million.
 The companies providing physician billing services were founded beginning in 1980 and provide services to approximately 20 physician groups in southern Florida. The former owners of the companies will continue to manage the businesses, based in Sunrise, Fla., as part of AdvaCare's Physician Division. They will report to William Joe Davis, III, president of the division.
 The company providing hospital accounts receivable management and billing services and accounts receivable funding was founded in 1983 and currently serves approximately 12 hospitals and approximately 16 home health care providers in eight states. Two of the former owners will continue to manage the business, based in Fresno, Calif., as part of AdvaCare's Hospital Division, and will report to Thomas H. McConnell, M.D., president of the division.
 "Both of these acquired companies provide multiple opportunities to AdvaCare," said Gregory S. Campbell, chairman of AdvaCare. "Not only do we pick up important new market share, but each provides some unique technical expertise which will enhance the company's overall capabilities."
 AdvaCare is one of the leading providers of business services, particularly reimbursement management services, to health care providers throughout the United States.
 -0- 8/17/92
 /CONTACT: Gregory S. Campbell, chairman of AdvaCare, 215-674-1800, or Anthony J. Russo or Cara R. Kiewel of Noonan/Russo Communications, 212-979-9180, for AdvaCare/
 (AVCR) CO: AdvaCare, Inc. ST: Pennsylvania, Florida, California IN: HEA SU: TNM


TS-OS -- NY010 -- 0375 08/17/92 09:15 EDT
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Date:Aug 17, 1992
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