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DELAY OF UWSI STOCK OFFERING

 MILWAUKEE, June 8 /PRNewswire/ -- United Wisconsin Services, Inc. (NASDAQ: UWSI) today announced that it is postponing its proposed secondary offering of common stock. Thomas R. Hefty, president and chief executive officer, stated that the decision was made due to weakness in the capital markets which are being impacted by the uncertainty surrounding the Clinton Administration's health care reform efforts.
 Hefty stated that although UWSI recorded gains in revenue and earnings in the first quarter of 1993, market conditions warrant a delay in the offering.
 The company also announced that it intends to file a registration statement with the Securities and Exchange Commission covering approximately $40 million of subordinated debt securities. The company expects to complete this offering in early July. The proposed debt offering will be made only by means of a prospectus after a registration statement covering these securities has been filed with the SEC.
 United Wisconsin Services, Inc. is a leading provider of managed health care services and employee benefits products, providing quality, cost-effective health benefits and services to employers. The operations consist of three HMO's marketed as Compcare, Dentacare and Valley Health Plan; small group health care products sold and administered by American Medical Security; life, disability and workers' compensation products; and related products and services.
 -0- 6/8/93
 /CONTACT: Tom Luljak, Director, Corporate Communications, United Wisconsin Services, 414-226-5756/
 (UWSI)


CO: United Wisconsin Services, Inc. ST: Wisconsin IN: HEA INS SU: OFR

DB -- MN013 -- 6736 06/08/93 17:20 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:245
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