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ADVANTAGE HEALTH ANNOUNCES STOCK BUYBACK PLAN

 WOBURN, Mass., April 14 /PRNewswire/ -- Advantage Health Corporation (NASDAQ: ADHC) Chairman and CEO Raymond J. Dunn today announced that the company's board of directors has authorized a stock repurchase plan under which the company may from time to time over the next six months buy back up to 500,000 shares of the company's common stock, either in open-market or negotiated transactions.
 Dunn stated, "Management believes the company's current stock price does not reflect the underlying value of the company's assets or of its earnings potential and therefore the stock is undervalued." The inescapable moving forces that have been driving the rehabilitation industry, such as the aging of the population, continuing medical advances and the cost/benefit of rehabilitation services have not changed and remain strong. Anticipated healthcare reforms must address projections of disability payments topping $200 billion by the year 2000. Acute care saves lives but medical rehabilitation determines the quality of life, future employability and deters secondary disabilities. The company is therefore uniquely positioned to respond to healthcare reform measures through a combination of low operating costs, specialty programs and a regional network of facilities. Dunn further stated "The company will continue to focus on its growth plan and all opportunities to enhance its shareholders' value."
 Advantage Health is organized under the laws of Delaware and is headquartered in Woburn, Mass. Advantage's common stock is traded on the NASDAQ National Market System under the symbol ADHC.
 Advantage Health Corporation operates the largest network of comprehensive medical rehabilitation facilities in New England. The company currently employs in excess of 3,100 employees at 48 locations in seven states.
 -0- 4/14/93
 /CONTACT: Raymond J. Dunn, chairman and CEO of Advantage Health, 617-935-2500/
 (ADHC)


CO: Advantage Health Corporation ST: Massachusetts IN: HEA SU:

CH -- NE008 -- 5750 04/14/93 12:57 EDT
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Publication:PR Newswire
Date:Apr 14, 1993
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