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APACHE MEDICAL SYSTEMS COMPLETES SUCCESSFUL FINANCING

 APACHE MEDICAL SYSTEMS COMPLETES SUCCESSFUL FINANCING
 WASHINGTON, Jan. 21 /PRNewswire/ -- APACHE Medical Systems, Inc.,


today announced that it recently completed a second round financing in the amount of $3.5 million with a group of investors led by Benefit Capital Management Corp., the pension investment arm of Union Carbide Corp. Joining Benefit Capital as a member of the investment syndicate are New York Life Insurance Company and LHC Corp., part of a family holding company of Plymouth Meeting, Pa.
 A first round financing of $2 million previously was completed in December 1989. That financing was led by The Venture Fund of Washington, Cerner Corporation of Kansas City, Mo., and American Security Capital Corporation of Washington.
 Gerald E. Bisbee Jr., chairman and chief executive officer, stated, "This financing is an important step in APACHE's growth plans. We are delighted to welcome an experienced and successful group of investors. This investment provides APACHE the ability to better meet the product and service needs of hospitals, pharmaceutical and biotechnology companies."
 APACHE Medical Systems, Inc., is the developer and provider of the APACHE III systems for critical care patients. APACHE systems measure clinical and resource use outcomes that contribute to performance measurement of critical care. APACHE has 33 client hospitals in the United States and 38 internationally. Through its Professional Services division, APACHE provides hospitals a full range of critical care advisory and consulting services. The APACHE III database provides pharmaceutical, biotechnology and other commercial companies valuable information regarding the conduct of clinical trials and research directed at critical care patients.
 -0- 1/21/92
 /CONTACT: Gerald E. Bisbee Jr., chairman and CEO, APACHE Medical Systems, 202-452-0878/ CO: Apache Medical Systems, Inc. ST: District of Columbia IN: MTC SU:


MH -- DC023 -- 1939 01/21/92 14:31 EST
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Date:Jan 21, 1992
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