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AMERICAN MEDICAL HOLDINGS, INC. CONSOLIDATES CORPORATE OFFICES; SIGNIFICANT IMPROVEMENTS IN COMMUNICATION AND COST STRUCTURE ANTICIPATED

 DALLAS, April 1 /PRNewswire/ -- American Medical Holdings, Inc. (NYSE: AMI) announces that it plans to close its Houston Service Center and consolidate it with the Dallas headquarters by Aug. 31, 1993.
 In the announcement by Robert W. O'Leary, chairman and CEO, he stated, "Consolidating the offices will enhance the synergy among the employees of the Service Centers as well as significantly reduce the overhead for corporate office services." He added, "At a time when we have made tremendous strides in cost reduction in our hospital operations, we believe that this move will further reinforce AMI's commitment to operate in the most cost effective manner possible while maintaining a high level of quality for the services it provides."
 O'Leary went on to say that the consolidation in the Dallas office, at a North Dallas location yet to be announced, will result in an overall reduction in corporate office staff by about one-third of the 200 employees in the Houston office. The consolidated staff in Dallas, serving all 36 hospitals will total approximately 250.
 The annual savings from the consolidation is anticipated to be at least $4 million. The company will incur a one-time pre-tax charge to earnings of $3.5 million to $6.0 million in fiscal 1993 depending on the final severance, relocation and subleasing costs.
 American Medical Holdings, Inc., through its subsidiaries, operates 35 acute care hospitals and one psychiatric hospital in the United States, with the largest concentrations in Texas, California and Florida.
 -0- 4/1/93
 /CONTACT: Michael Murdock of AMI, 214-360-6457/
 (AMI)


CO: American Medical Holdings, Inc. ST: Texas IN: HEA SU:

SH -- NY039 -- 1939 04/01/93 10:26 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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