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COLUMBIA HEALTHCARE CORPORATION ANNOUNCES INITIAL QUARTERLY DIVIDEND

 LOUISVILLE, Ky., Sept. 9 /PRNewswire/ -- The Board of Directors of Columbia Healthcare Corporation (NYSE: COL) today declared an initial quarterly cash dividend of $0.03 per common share for the quarter ended Sept. 30, 1993. The dividend is payable Nov. 1, 1993, to shareholders of record on Oct. 1.
 "We plan to use our cash flows for an aggressive acquisition plan to increase shareholder value," said Richard L. Scott, president and chief executive officer of Columbia, "but we think the dividend return will broaden the shareholder base which is positive for Columbia as well."
 Columbia Healthcare Corporation was created by the merger of Columbia Hospital Corporation and Galen Health Care, Inc. on Sept. 1, 1993. Columbia is one of the largest healthcare services provider companies in the nation, operating 94 hospitals and complementary healthcare facilities in 18 states, with estimated annual revenues of over $5 billion. Columbia will build comprehensive quality healthcare networks, improving the efficiency and access to quality medical care in over 20 local markets across the nation.
 -0- 9/9/93
 /CONTACT: Lee A. Wood of Columbia Healthcare Corporation, 817-870-5970/
 (COL)


CO: Columbia Healthcare Corporation ST: Kentucky IN: HEA SU: DIV

SB -- CH005 -- 0375 09/09/93 14:02 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
Words:203
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