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FOUNDATION HEALTH ANNOUNCES STOCK REPURCHASE PLAN

 RANCHO CORDOVA, Calif., April 12 /PRNewswire/ -- Foundation Health Corp. (NYSE: FH) today announced that its Board of Directors has approved a repurchase program under which the company is authorized to purchase up to an aggregate of 5 percent of its outstanding stock. The company could purchase shares of common stock on the open market or in private transactions from time to time at prices deemed appropriate by management and subject to market conditions and other relevant factors.
 The company had approximately 29.4-million shares outstanding at March 31, 1993.
 "We believe that the outlook for managed care companies continues to be favorable," said Daniel D. Crowley, president and chief executive officer of Foundation. "The company considers the repurchase of stock an appealing investment opportunity. Our repurchases will be made when market and business conditions are deemed to be favorable."
 Foundation is a leading managed health care company serving industry and government. Through its HMO, specialty services and government contracting subsidiaries, the company administers a variety of health benefits for more than 3 million eligible individuals.
 -0- 4/12/93
 /CONTACT: Jeffrey L. Elder, senior vice president & chief financial officer, 916-631-5381, or Kurt D. Davis, director-investor relations, 916-631-5288, both of Foundation Health/
 (FH)


CO: Foundation Health Corp. ST: California IN: HEA SU:

MM-SG -- SF004 -- 4569 04/12/93 07:15 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
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