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HEARX TO MAKE ACQUISITIONS ON FLORIDA WEST COAST

 HEARX TO MAKE ACQUISITIONS ON FLORIDA WEST COAST
 WEST PALM BEACH, Fla., Sept. 21 /PRNewswire/ -- Paul A. Brown, M.D.,


chairman of HEARx Ltd. (NASDAQ: EARS), announced today that HEARx had reached agreements in principle to acquire the customer lists and selected assets of five hearing aid centers serving the Tampa/St. Petersburg marketplace. These acquisitions, if completed, will increase HEARx centers in the Tampa/St. Petersburg market to six.
 Revenues from these centers are currently running at an annualized rate of approximately $500,000. The purchase price would consist of cash downpayments and subsequent annual payments over the next three years. Members of the professional staff of these centers will be joining the HEARx staff.
 Dr. Brown stated that this expansion should enable the company to expand marketing efforts for the new 3M programmable hearing aid as well as provide HEARx with the additional centers necessary to offer services on the west coast of Florida to the several managed care organizations currently serviced by the company on the east coast of Florida.
 Dr. Brown stated that the consummation of these acquisitions is dependent upon completing all necessary due diligence, final documents and obtaining board of directors approval.
 HEARx Ltd., the nation's largest network of independent auditory vestibular rehabilitative centers, has comprehensive state-of-the-art facilities offering a full range of diagnostics and rehabilitative services, and currently operates 30 locations in New York, Florida, Georgia, Virginia and Oregon. HEARx currently has strategic alliances with Humana Health Care Plans, Aetna Health Care Plans of New York, AARP Pharmacy Service and Minnesota Mining and Manufacturing (3M).
 -0- 9/21/92
 /CONTACT: Paul A. Brown, M.D., chairman of the board of HEARx Ltd., 407-478-8770; or Edward Silverman of Silverman Heller & Bond Inc., 212-682-9222, for HEARx/
 (EARS) CO: HEARx Ltd. ST: Florida IN: HEA SU: TNM


TS-LR -- NY020 -- 1517 09/21/92 09:18 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
Words:310
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