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EQUIMED ANNOUNCES ACQUISITION OF PRACTICE LOCATED IN ST. PETERSBURG, FLORIDA

TUCKER, Ga., March 7 /PRNewswire/ -- EquiMed, Inc. (Nasdaq-NNM: EQMD), announced the acquisition of an oncology practice in St. Petersburg, Fla.

The acquisition of Michael J. Lynch, a professional medical corporation, was consummated effective as of March 1, 1996. Total consideration for the practice was $1,470,000, including real estate of approximately $700,000. The practice had 1995 net revenues of approximately $940,000.

EquiMed is a national physician practice management company headquartered in the Atlanta metropolitan area, providing for oncology and opthalmology services in selected geographic markets through its network of specialty medical providers.
 -0- 3/7/96


/CONTACT: Bill Pritts, EquiMed, Inc., 404-320-6211, ext. 221/

(EQMD)

CO: EquiMed, Inc. ST: Georgia IN: MTC SU: TNM

KS-SD -- ATTH015 -- 1361 03/07/96 17:45 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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