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HEALTHWATCH REPORTS SALE OF MEDICAL SERVICES BUSINESSES AND EXTENSION OF CLASS A WARRANTS

 BROOMFIELD, Colo., April 21 /PRNewswire/ -- HealthWatch Inc. (NASDAQ: HEAL) today reported the sale of the company's medical services businesses. The businesses consisted of Crossroads Medical Center, an outpatient medical clinic, and Healthcare Professional Billing, a physician billing service. The operations were sold in two separate transactions in February and March resulting in a gain on the combined transactions of approximately $250,000 during the company's third quarter ended March 31, 1993. HealthWatch's sale of the medical services businesses, which had combined revenues of $895,574 in the fiscal year ended June 30 ,1992, completes the restructuring of the company, which began in 1989, from a service to a product based company.
 Additionally, HealthWatch has extended its Class A Common Stock Purchase Warrants due to expire April 30, 1993 to April 30, 1994. These warrants entitle the holder to purchase one share of the company's common stock, $0.01 par value, at an exercise price of $4.00.
 Based in Broomfield, HealthWatch is a developer, manufacturer and distributor of medical instrumentation used in the screening, diagnosis and management of human cardiovascular disease, the leading cause of death in the United States.
 -0- 4/21/93
 /CONTACT: Sanford L. Schwartz of HealthWatch, 303-465-2000/
 (HEAL)


CO: HealthWatch Inc. ST: Colorado IN: MTC SU:

MC -- DV011 -- 8886 04/21/93 15:33 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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