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CALIFORNIA WELLNESS FOUNDATION AGREES TO VOTE FOR HEALTH NET-QUALMED MERGER

 PUEBLO, Colo./WOODLAND HILLS, Calif., Sept. 3 /PRNewswire/ -- HN Management Holdings Inc. (HNMH), parent of California's second largest health maintenance organization (HMO), Health Net, and QualMed Inc. (NYSE: MQ) announced that the obligation of The California Wellness Foundation, sole holder of HNMH's Class B Common Stock to vote in favor of the proposed merger between HNMH and QualMed has become unconditional. Previously, the voting agreement had been subject to certain conditions.
 -0- 9/3/93
 /CONTACT: Don Prial of Health Net, 818-593-7304; or George Evans of QualMed, 719-585-8074/
 (MQ)


CO: QualMed Inc.; HN Management Holdings Inc.; Health Net ST: Colorado, California IN: HEA SU: TNM

MC -- DV006 -- 8976 09/03/93 17:13 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
Words:114
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