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CARETENDERS AGAIN REPORTS RECORD REVENUES, OPERATING PROFITS

 CARETENDERS AGAIN REPORTS RECORD REVENUES, OPERATING PROFITS
 LOUISVILLE, Ky., Feb. 14 /PRNewswire/ -- Strong performances by its home health care and adult day care divisions helped Caretenders HealthCorp (NASDAQ: CTND) achieve record sales and operating profit in the third quarter, ending 12/31/91, and for the nine months ending on the same date.
 Total company revenues were $11,040,502 compared to $3,917,378 for the 3rd quarter of FY 91. Operating profit for the period was $250,099 versus a loss of $424,572 last year. For the nine months ending 12/31/91, revenues were $31,308,628 versus $8,226,855 for the first nine months of FY 91; and operating profit was $440,749 versus a loss of $2,261,701 last year.
 "The last quarter shows a continuation of our strong turnaround from past performances, and further demonstrates the viability of our strategy of focusing on the comprehensive home health care and adult day care businesses," said William Yarmuth, Caretenders' president and chief operating officer. "We are right on target operationally, and we anticipate continued growth and profitability."
 Yarmuth noted the strong performance of the adult day care division, which experienced its third straight record quarter for sales and profits. The division, which operates adult day care centers in Maryland and Connecticut under the name, "Almost Family," experiences a 77 percent increase in quarterly revenues over the comparable period last year. For the quarter, the adult day care division had operating profits in excess of $100,000 compared to a loss of $135,000 last year. "We are very excited about the performance of adult day care. It is beginning to realize the potential we always knew it had. Adult day care will be an enormous industry in coming years, and we are in a leadership position in the business," Yarmuth added.
 Net income once again was adversely impacted by a decline in the value of the dollar in relation to the Swiss franc. In the quarter the change in exchange values resulted in a charge against income of $426,801, which, along with interest expense, resulted in a reported net loss of $518,344, or $.04 per share compared with a net loss of $2,356,187, or $.29 per share for the 3rd quarter of FY 91.
 Yarmuth stressed that every division was profitable in the quarter, and added that the dollar has strengthened in recent weeks against the franc, which could result in a net contribution to income in the fourth quarter if the dollar remains at present levels or improves further. In addition, a reduction in quarterly interest expense of $144,000 due to the conversion from debt to equity of a $7 million obligation, will improve 4th quarter earnings.
 "Once again our strong management team has achieved a greatly improved quarter, only to see results undercut by currency fluctuations that they can't control," said Kenneth Hamlet, chairman and chief executive officer of Caretenders. "But it should be clear to everyone that our company is on the right track and is definitely headed toward profitability. We are confident that by continuing to concentrate our efforts on the home health and adult day care fields, we will maximize profitability and growth."
 In other company news, Caretenders Healthcorp announced three appointments to its board of directors. They are: Steven B. Bing, president of ICH Corporation (AMEX: ICH) an insurance holding company based in Louisville, Ky., Richard M. Scrushy, chairman and CEO of HEALTHSOUTH Rehabilitation Corporation (NYSE: HRC), and Michael D. Martin, treasurer of HEALTHSOUTH.
 SELECTED FINANCIAL INFORMATION
 Three Months Ended Nine Months Ended
 12/31/91 12/28/91 12/31/91 2/28/91
 Revenues 11,040,502 3,917,378 31,308,628 8,226,855
 Operating
 Profit 250,099 (424,572) 440,749 (2,261,701)
 Non-operating
 Gain (Loss) (426,801)(A) (184,445)(B) (576,425)(A) 685,623(C)
 Net-Loss (518,344) (2,356,187) (934,697) (3,226,346)
 per share (.04) (.29) (.08) (.39)
 (A) Includes foreign currency losses.
 (B) Includes foreign currency losses and a loss on assets held for
 sale.
 (C) Includes foreign currency losses and a gain on assets held
 for sale.
 -0- 2/14/92
 /CONTACT: John Yarmuth, Caretenders HealthCorp, 502-425-4707/
 (CTND ICH HRC) CO: Caretenders HealthCorp ST: Kentucky IN: HEA SU: ERN


CM-DF -- CH003 -- 0186 02/14/92 11:57 EST
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Date:Feb 14, 1992
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