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CYCARE SYSTEMS SIGNS AGREEMENT TO SELL DIVISION

 SCOTTSDALE, Ariz., Oct. 20 /PRNewswire/ -- CyCare Systems Inc. (NYSE: CYS) today announced that it has signed a definitive agreement to sell substantially all of the assets and certain liabilities of its Practice Management Division to Medaphis Corp. (NASDAQ: MEDA) for $24 million in cash. The sale is expected to be completed within the next 30 days and is conditional upon obtaining the necessary third-party consents.
 With operations in Michigan, New York and Texas, the Practice Management Division, which had 1992 sales of approximately $26 million, performs billing and accounts receivable management services for hospital-affiliated physicians.
 According to Jim H. Houtz, chairman and chief executive officer of CyCare Systems, "By selling this division, we are refocusing our energy and resources on building our core business where we have established a leading market position in providing information systems and services, including electronic claims processing, for physicians and medical group practices."
 CyCare Systems Inc. is one of the nation's leading providers of information systems and services to the healthcare industry, including medical group practices, physicians and dentists. The company has product, sales and service centers located in Atlanta; Chicago; Dallas, Houston and San Antonio, Texas; Detroit; Dubuque, Iowa; Long Island, N.Y.; Minneapolis; Portland, Ore; and San Diego and Woodland Hills, Calif.
 -0- 10/20/93
 /CONTACT: Mark Schonau, CFO, of CyCare Systems, 602-596-4374/
 (CYS MEDA)


CO: CyCare Systems Inc.; Medaphis Corp. ST: Arizona IN: HEA SU: TNM

LS-JL -- LA018 -- 4377 10/20/93 08:34 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:244
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