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COMPREHENSIVE CARE CORP. SELLS ALBUQUERQUE HOSPITAL

 ST. LOUIS, July 1 /PRNewswire/ -- Comprehensive Care. Corp. (NYSE: CMP) announced today it has sold its 70-bed hospital located in Albuquerque, N.M., to Transitional Hospitals Corp. of Atlanta for an undisclosed amount. Transitional Hospitals (a subsidiary of Community Psychiatric Centers Inc.) purchased the CareUnit Hospital of Nevada from the company in April 1993.
 This divestiture is part of Comprehensive Care Corp.'s previously announced strategic business plan to close and sell non-performing inpatient facilities. Proceeds from the sale will be used for operating purposes as well as continuing to expand managed care and contract business. The company will continue to search for buyers for the remaining six hospitals currently for sale in California and Florida.
 Richard C. Peters, chief executive officer, said, "The sale of our facility in Albuquerque reinforces our commitment to the new focus of our business on the development of the managed care subsidiary, AccessCare Inc."
 Comprehensive Care Corp. is a leading national provider of behavioral medicine programs.
 -0- 7/1/93
 /CONTACT: Fred C. Follmer, CFO of Comprehensive Care, 314-537-1288/
 (CMP)


CO: Comprehensive Care Corp.; Transitional Hospitals Corp. ST: Missouri, New Mexico IN: HEA SU:

LS-EH -- LA021 -- 7775 07/01/93 13:08 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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