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HEALTHDYNE TECHNOLOGIES ANNOUNCES INITIAL STOCK OFFERING PRICED AT $9.50 PER SHARE

 MARIETTA, Ga., June 22 /PRNewswire/ -- Healthdyne Technologies, Inc., an Atlanta-based medical devices manufacturer ("Technologies"), announced today the initial public offering of 1,525,000 shares of Common Stock at $9.50 per share.
 The shares have been approved for quotation on the NASDAQ National Market System under the symbol "HDTC." All of the shares are being offered by Technologies, and no shares are being offered by its parent company, Healthdyne, Inc. (NASDAQ: HDYN). Following the offering, Healthdyne will own approximately 83 percent of the outstanding shares of Technologies.
 Cowen & Company, Needham & Company, Inc. and Interstate/Johnson Lane Corporation are the managing underwriters of the offering. In addition to the above shares, Technologies has granted the underwriters a 30-day option to purchase up to an additional 228,750 shares of Common Stock solely to cover over-allotments. If the over-allotment option is exercised in full, Healthdyne will own approximately 81 percent of the outstanding shares of Technologies.
 A copy of the prospectus describing Technologies and the securities offered may be obtained from Cowen & Company, One Financial Square, New York, NY 10005, 212-495-6000, or from any of the other underwriters participating in the offering. The transaction is expected to be closed on or about June 29.
 Healthdyne Technologies designs, manufactures and markets technologically advanced medical devices primarily for use in the home, as well as in specialized clinical settings. The company's products include diagnostic and therapeutic devices for the evaluation and treatment of sleep disorders, oxygen concentrators and medication nebulizers for the treatment of respiratory disorders, monitors for infants at risk for SIDS and obstetrical care products.
 -0- 6/22/93
 /CONTACT: Donald R. Millard of Healthdyne, 404-423-4529/
 (HDTC HDYN)


CO: Healthdyne Technologies, Inc.; Healthdyne, Inc. ST: Georgia IN: HEA SU: OFR

RA-BN -- AT002 -- 4495 06/22/93 10:45 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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