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COLUMBIA HOSPITAL REPORTS RECORD SECOND QUARTER EARNINGS

 COLUMBIA HOSPITAL REPORTS RECORD SECOND QUARTER EARNINGS
 FORT WORTH, Texas, Aug. 3 /PRNewswire/ -- Columbia Hospital


Corporation (NASDAQ: CHOS) today announced record results from operations for the quarter ended June 30, 1992.
 Revenues for the second quarter were $175.7 million, up 49.4 percent from $117.6 million in the second quarter of 1991. Net income for the current quarter was $5.7 million, or 30 cents per share, compared to net income of $3.5 million, or 23 cents per share, for the prior year's second quarter.
 COLUMBIA HOSPITAL CORPORATION
 (dollars in thousands)
 Periods ended Three months Percent Six months Percent
 June 30: 1992 1991 increase 1992 1991 Increase
 Number of hospitals
 in operation 15 12 N/M 15 12 N/M
 Weighted average
 licensed beds 3,189 2,254 41.5 2,983 2,191 36.6
 Revenues $175,675 $117,601 49.4 $340,584 $226,582 50.3
 Operating
 income (A) 32,104 19,657 63.3 61,374 38,201 60.7
 Income before
 extraordinary
 loss 5,655 3,477 62.6 10,691 6,950 53.8
 Extraordinary loss -- -- -- 446 -- --
 Net income 5,655 3,477 62.6 10,245 6,950 47.4
 Earnings per share:
 Before extraord.
 loss $0.30 $0.23 30.4 $0.57 $0.48 18.8
 Extraordinary
 loss -- -- -- 0.02 -- --
 Total $0.30 $0.23 30.4 $0.55 $0.48 14.6
 Shares used in
 earnings per
 share
 computation 18,719 14,995 18,713 14,575
 (A) -- Income before depreciation and amortization, REIT lease expense, interest, minority interest in earnings of consolidated entities and income taxes.
 In the second quarter of 1992, Columbia completed the acquisition of two additional hospitals in its Houston market. Heights Hospital and Bellaire General Hospital were acquired on April 30, 1992, "We are very pleased with our second quarter results," said David T. Vandewater, president and chief operating officer. "The growth in revenues and profits is due to acquisitions and continued strong 'same hospital' performance. Columbia's operating margin improved from 16.7 percent in the second quarter of 1991 to 18.3 percent this quarter primarily because of the efforts of our facility operators and regional managers."
 Richard L. Scott, chairman and chief executive officer, states, "Our strategy of developing comprehensive healthcare networks in targeted metropolitan areas has resulted in strong same hospital growth. On a same hospital basis between the second quarter of 1991 and the second quarter of 1992, admissions are up 2.6 percent, surgery cases are up 8.1 percent, emergency room visits increased 8.0 percent, revenues are up 13.3 percent and operating income grew 27.7 percent. This growth is even more impressive when one considers that four of these facilities are in their fourth year of continued strong growth."
 Based in Fort Worth, Texas, Columbia Hospital Corporation, in July 1992 completed its announced merger with Basic American Medical, Inc. After this merger, Columbia now operates 21 general acute-care hospitals and two psychiatric hospitals with 4,576 licensed beds. Columbia also operates various related health care delivery businesses in its markets, including outpatient diagnostic centers, outpatient physical therapy centers, outpatient surgery centers, a cardiac rehabilitation/wellness center, lithotripsy services, medical rehabilitation services and an outpatient radiation therapy center. Additionally, Columbia operates other healthcare businesses.
 -0- 8/3/92
 /CONTACT: Stewart J. Campbell of Columbia Hospital, 817-870-5900, or Susan A. Noonan of Noonan/Russo Communications, 212-979-9180, for Columbia Hospital/
 (CHOS) CO: Columbia Hospital Corporation ST: Texas IN: HEA SU: ERN


TS -- NY015 -- 6033 08/03/92 10:06 EDT
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