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COLUMBIA HEALTHCARE CORPORATION DECLARES FOURTH QUARTER DIVIDEND

 LOUISVILLE, Ky., Nov. 11 /PRNewswire/ -- The board of directors of Columbia Healthcare Corporation (NYSE: COL) today declared a regular dividend in the amount of $0.03 per share for the fourth quarter ending Dec. 31, 1993. The board has designated that the dividend be paid Feb. 1, 1994 to all shareholders of record on Jan. 3, 1994.
 Columbia Healthcare Corporation is one of the largest healthcare services provider companies in the nation, operating 95 hospitals and complementary healthcare facilities in 18 states, with estimated annual revenues of over $5 billion. Columbia is building comprehensive healthcare networks comprising acute-care and specialty hospitals, as well as comprehensive outpatient facilities in its local markets. These networks share administrative costs, expensive medical equipment and personnel, and reduce excess capacity in order to deliver healthcare services efficiently.
 On Oct. 2, 1993, Columbia announced that it had signed a definitive merger agreement with HCA - Hospital Corporation of America to form Columbia/HCA Healthcare Corporation. The companies expect to consummate the merger in the first quarter of 1994, at which time the combined entity would operate over 190 hospitals, with estimated annual revenues in excess of $10 billion.
 -0- 11/11/93
 /CONTACT: Lee A. Wood, investors, 502-572-2115, or Lindy Richardson, media, 502-572-2153, both of Columbia Healthcare Corporation/
 (COL)


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

TM -- NY087 -- 3473 11/11/93 21:06 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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