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AMI TO REALIZE PRE-TAX GAIN OF $69 MILLION FROM SALE OF EPIC SECURITIES

 DALLAS, Jan. 10 /PRNewswire/ -- American Medical Holdings, Inc. (NYSE: AMI) announced today that it will realize a pre-tax gain of approximately $69 million if the sale of EPIC Holdings, Inc. to Healthtrust, Inc. - The Hospital Company is completed under the terms specified in the two companies' announcement today.
 AMI owns 10,348,000 shares of EPIC securities. Under terms of the EPIC-Healthtrust agreement, the sale of these securities will result in an after-tax gain to AMI of approximately $43 million, or $.56 per share, when the transaction is completed later this year. Proceeds from the sale will be used for general corporate purposes.
 "The sale of these securities, on completion of Healthtrust's acquisition of EPIC, will enhance our flexibility to pursue both our external growth and deleveraging strategies and our aggressive investments in our hospitals and their service areas," said AMI Chairman and Chief Executive Officer Robert W. O'Leary.
 American Medical International, Inc., the operating company of American Medical Holdings, Inc. is one of the nation's leading healthcare companies, with more than $2.2 billion in annual revenue. Founded in 1960 as the first investor-owned hospital company, AMI owns and operates 35 acute-care hospitals and one psychiatric hospital across 12 states, providing its communities with a full range of quality inpatient and outpatient services including medical, surgical, obstetric, diagnostic, specialty, rehabilitation and home health care.
 -0- 1/10/94
 /CONTACT: Michael N. Murdock, (analyst), 214-360-4357 or Margo L. Barnes, (media), 214-360-6321, both of American Medical Holdings, Inc./
 (AMI)


CO: American Medical International, Inc.; EPIC Holdings, Inc. ST: Texas IN: MCT SU: ECO

TM -- NY095 -- 0752 01/10/94 17:54 EST
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Publication:PR Newswire
Date:Jan 10, 1994
Words:271
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