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HEALTHCARE COMPARE AND OCCUPATIONAL-URGENT CARE HEALTH SYSTEMS COMPLETE MERGER

 HEALTHCARE COMPARE AND OCCUPATIONAL-URGENT CARE HEALTH SYSTEMS
 COMPLETE MERGER
 DOWNERS GROVE, Ill., Feb. 24 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), announced today the completion of the merger between the company and Occupational-Urgent Care Health Systems, Inc. (NASDAQ: OUCH). In the merger, each outstanding share of OUCH common stock was converted into the right to receive 0.93 of a share of HCCC common stock. As a result of the merger, OUCH is a wholly owned subsidiary of HealthCare COMPARE Corp.
 Smith stated, "The acquisition will create several opportunities. We will be able to expand our markets by joint use of provider networks and data processing systems. Additionally, we will be able to market additional products to our existing clients and to achieve potential savings from the consolidation of certain operations."
 OUCH, which was incorporated in 1982, provides a comprehensive approach to medical and administrative cost management through its workers' compensation and group health medical cost management programs. OUCH has integrated the benefits of an extensive network of preferred providers, computer assisted bill review and utilization management into a single comprehensive program to reduce medical costs and the related administrative burden.
 HealthCare COMPARE is one of the nation's leading independent providers of medical utilization review services and of payor-based preferred provider organization services. COMPARE's medical review and cost management services are designed to control its clients' health care costs, primarily by reducing unnecessary hospital admissions and lengths of stay, without compromising the quality of care or freedom of choice available to plan participants.
 OUCH will continue to be headquartered in West Sacramento, Calif., and will operate as a separate subsidiary of HealthCare COMPARE.
 -0- 2/24/92
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, CFO, HealthCare COMPARE Corp., 708-241-7900/
 (HCCC) (OUCH) CO: HealthCare COMPARE Corp.; Occupational-Urgent Care Health Systems,
 Inc. ST: Illinois IN: HEA SU: TNM


PS -- NY091 -- 2133 02/24/92 20:31 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 24, 1992
Words:327
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