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AMSERV HEALTHCARE DISCONTINUES STOCK REPURCHASES

 RENO, Nev., Feb. 11 /PRNewswire/ -- AMSERV HEALTHCARE INC. (NASDAQ: AMSR), today reported that its board of directors voted to discontinue the company's stock repurchase program originally adopted on March 12, 1992. Under the program, the company acquired 113,268 shares, representing 4 percent of its outstanding common stock.
 The board of directors concluded that based on AMSERV's stated growth opportunities it would be more prudent and beneficial to use existing cash for future expansion of the company's home care and temporary nurses businesses.
 At Dec. 31, 1992, the company's cash, cash equivalents and marketable securities totaled $2.4 million.
 AMSERV HEALTHCARE INC. is a national healthcare services company with offices in 15 cities and nine states. The company provides home care services for individuals, and nursing personnel for healthcare facilities.
 -0- 2/11/93
 /CONTACT: Jack Falker, Swenson Falker Eilertsen Inc., 612-371-0000 or Leslie Hodge, AMSERV HEALTHCARE, 619-597-1000/
 (AMSR)


CO: AMSERV HEALTHCARE ST: Nevada IN: HEA SU:

DS -- MN031 -- 5584 02/11/93 10:01 EST
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Publication:PR Newswire
Date:Feb 11, 1993
Words:166
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