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HEALTHINFUSION, INC. ANNOUNCES YEAR END RESULTS

 MIAMI, Feb. 16 /PRNewswire/ -- HealthInfusion, Inc. (NASDAQ-NMS: HINF) today announced revenues for the quarter ended Dec. 31, 1992 of $12,542,839 or a 35 percent increase over the 1991 results. Income from operations for the quarter ended Dec. 31, 1992 was $3,089,566 or a 20 percent increase over the same period in 1991. Earnings per common share were $.18 for the quarter ended Dec. 31, 1992 compared to $.16 for the same period in 1991.
 Revenues for the year ended Dec. 31, 1992 were $49,749,497 or an increase of 70 percent over 1991 revenues for the same period. Income from operations for the year ended Dec. 31, 1992 was $11,646,819 or an increase of 60 percent compared with the same period in 1991. Earnings per share for year ended Dec. 31, 1992 were $.65 or an increase of 27 percent over 1991 during the same period.
 Miles Gilman, president and CEO, commented, "During the last six months of 1992, the home infusion industry experienced rapid changes, including continuing consolidation and pricing pressures due to increased managed care and competition. While these factors have had an impact on the historical growth and profitability of the industry, we believe that the outlook remains positive. Introduced in January, HealthInfusion's new division, First Circle, was designed to help the company remain competitive during this transitional period by offering its unique services to case managers. Designed as a national network of provider relations, First Circle offers the coordination of all patient services through a comprehensive delivery system. With First Circle and other strategies under development, HealthInfusion has positioned itself to assume a leadership position in the rapidly evolving and dynamic home health care industry."
 HealthInfusion provides home infusion therapy services and supplies to patients in their homes in 26 states from 31 regional facilities in Arizona, California, Florida, Georgia, Illinois, Indiana, New York, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, and Texas.
 HEALTHINFUSION, INC.
 FINANCIAL HIGHLIGHTS
 RESULTS OF OPERATIONS
 Three Months Year
 Ended Dec. 31, Ended Dec. 31,
 1992 1991 1992 1991
 Revenues $12,542,839 $ 9,308,071 $49,749,497 $29,247,471
 Cost of
 revenues 7,667,257 5,183,424 29,323,995 16,239,699
 Operating profit 4,875,582 4,124,647 20,425,502 13,007,772
 Operating
 expenses 1,786,016 1,540,507 8,778,683 5,727,748
 Income from
 operations 3,089,566 2,584,140 11,646,819 7,280,024
 Other, net (213,496) (68,277) (770,057) (271,210)
 Income before
 income taxes
 and minority
 interest 2,876,070 2,515,863 10,876,762 7,008,814
 Provision for
 income taxes 1,124,841 950,075 4,286,969 2,696,168
 Income before
 minority
 interest 1,751,229 1,565,788 6,589,793 4,312,646
 Minority interest (19,892) (54,780) (267,326) (71,661)
 Net income $ 1,731,337 $ 1,511,008 $ 6,322,467 $ 4,240,985
 Net earnings
 per common
 share -- fully
 diluted $.18 $.16 $.65 $.51
 Average number of
 shares
 outstanding 10,395,246 10,216,047 10,379,831 8,666,278
 FINANCIAL CONDITION
 Dec. 31 Dec. 31
 1992 1991
 Cash and cash
 equivalents $ 1,825,443 $ 5,458,338
 Total current
 assets 26,165,237 21,093,015
 Total assets 65,813,273 41,477,112
 Current
 liabilities 10,197,401 3,024,477
 Long term debt 7,022,146 7,267,153
 Stockholders'
 equity $48,003,590 $30,754,974
 SELECTED DATA
 No. of Total No. Pt. Pct. Pct. Pct. Op.
 Centers Pts. days TPN A/B Other margin
 Q4 1991 16 631 56,880 41 39 20 28
 Q4 1992 27 1,274 114,660 33 34 33 25
 -0- 2/16/93
 /CONTACT: Miles Gilman, president and CEO of HealthInfusion, 305-267-1177/
 (HINF)


CO: HealthInfusion, Inc. ST: Florida IN: HEA SU: ERN

JB-AW -- FL004 -- 6757 02/16/93 09:31 EST
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Date:Feb 16, 1993
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