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COLUMBIA HOSPITAL CORPORATION COMPLETES SALE OF HEALTHCARE PRESCRIPTION SERVICES

 COLUMBIA HOSPITAL CORPORATION COMPLETES
 SALE OF HEALTHCARE PRESCRIPTION SERVICES
 FORT WORTH, Texas, Oct. 29 /PRNewswire/ -- Columbia Hospital Corporation (NASDAQ: CHOS) today announced the sale of Healthcare Prescription Services in Indianapolis, Ind., to Synetic, Inc., a publicly held institutional pharmacy company headquartered in Montvale, N.J.
 Columbia acquired Healthcare Prescription Services along with eight acute care hospitals and other health care businesses in its recent acquisition of Basic American Medical, Inc. To date, Columbia has sold or entered into agreements to divest all of the Basic American hospitals not located in Southwest Florida. "These sales are consistent with our strategy of focusing our attention and resources on developing significant, comprehensive health care networks in targeted metropolitan areas," said Richard L. Scott, chairman and chief executive officer. "Through this strategy, Columbia is well positioned as a high quality provider of health care services, offering an attractive network to managed care companies."
 Columbia Hospital Corporation was recently ranked the fourth fastest growing publicly owned company in the United States by Fortune magazine. Columbia operates comprehensive health care networks in five regions: El Paso, Houston, and Corpus Christi, Texas, and Miami and Fort Myers, Florida. These networks provide comprehensive inpatient and outpatient health care services through the operation of general acute-care and specialty hospitals and a wide array of outpatient facilities.
 -0- 10/29/92
 /CONTACT: Stewart J. Campbell of Columbia Hospital, 817-870-5900, or Anthony J. Russo of Noonan/Russo Communications, 212-979-9180, for Columbia Hospital/
 (CHOS) CO: Columbia Hospital Corporation; Synetic, Inc. ST: Texas IN: HEA SU: TNM


SH-PS -- NY010 -- 6426 10/29/92 09:12 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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