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HEALTHINFUSION ANNOUNCES SECOND QUARTER EARNINGS

 MIAMI, Aug. 4 /PRNewswire/ -- HealthInfusion, Inc. (NASDAQ-NMS: HINF) today announced revenues for the quarter ended June 30, 1993 of $14,346,376 compared to $13,532,838 for the same period in 1992. Income from operations for the quarter ended June 30, 1993 was $2,668,328 compared to $3,263,227 for the same period in 1992. Earnings per common share was $.15 for the quarter ended June 30, 1993 compared to $.18 for the same period in 1992.
 Revenues for the six months ended June 30, 1993 were $27,325,571 or an increase of 14 percent over 1992 revenues for the same period. Income from operations for the first six months of 1993 was $5,023,651 compared to $5,460,408 for the same period in 1992. Earnings per share for the six months ended June 30, 1993 was $.27 compared to $.31 during the same period in 1992.
 Miles Gilman, president and CEO, commented, "While price competition and increased managed care continued to be a factor during the second quarter, we are encouraged that net income increased 16 percent compared to the first quarter of 1993. During this past quarter, HealthInfusion strengthened its management team and laid the foundation that will enable the company to diversify through the development of synergistic business units. This strategy should allow the company to exploit the changing health care environment as it relates to home infusion therapy and new opportunities in outpatient care."
 HealthInfusion provides home infusion therapy services and supplies to patients in their homes in 26 states from 32 regional facilities in Arizona, California, District of Columbia, 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 Six Months
 Ended June 30, Ended June 30,
 1993 1992 1993 1992
 Revenues $14,346,376 $13,532,838 $27,325,571 $23,899,400
 Cost of
 revenues 8,696,914 7,752,655 17,000,019 13,913,781
 Operating profit 5,649,462 5,780,183 10,325,552 9,985,619
 Operating
 expenses 2,981,134 2,516,956 5,301,901 4,525,211
 Income from
 operations 2,668,328 3,263,227 5,023,651 5,460,408
 Other, net (246,984) (204,642) (482,864) (320,713)
 Income before
 income taxes
 and minority
 interest 2,421,344 3,058,585 4,540,787 5,139,695
 Provision for
 income taxes 956,676 1,195,676 1,817,689 1,983,309
 Income before
 minority
 interest 1,464,668 1,862,909 2,723,098 3,156,386
 Minority interest (22,542) (92,201) (34,034) (197,824)
 Net income $ 1,442,126 $ 1,770,708 $ 2,689,064 $ 2,958,562
 Net earnings
 per common
 share -- fully
 diluted $.15 $.18 $.27 $.31
 Average number of
 shares
 outstanding 10,552,765 10,424,442 10,591,235 10,336,921
 FINANCIAL CONDITION
 June 30 Dec. 31
 1993 1992
 Cash and cash
 equivalents $ 1,067,558 $ 1,825,443
 Total current
 assets 27,609,118 26,165,237
 Total assets 70,291,222 65,813,273
 Current
 liabilities 9,956,117 10,197,401
 Long term debt 7,006,820 7,022,146
 Stockholders'
 equity $52,820,123 $48,003,590
 -0- 8/4/93
 /CONTACT: Miles Gilman, president and CEO of HealthInfusion, 305-267-1177/
 (HINF)


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

SS-RC -- FL006 -- 9232 08/04/93 09:20 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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