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INITIAL PUBLIC OFFERING OF PEER REVIEW ANALYSIS, INC.

 INITIAL PUBLIC OFFERING OF PEER REVIEW ANALYSIS, INC.
 BOSTON, Dec. 6 /PRNewswire/ -- Peer Review Analysis, Inc.


(NASDAQ: PRAI) announced that its registration statement for the initial public offering of 1,150,000 shares of the company's common stock was declared effective by the Securities and Exchange Commission on Dec. 4, 1991 and that on Dec. 5, 1991 the company's common stock began trading on the NASDAQ Market under the symbol PRAI. The initial price of the common stock was $10.50 per share. Tucker Anthony Incorporated managed the underwriting.
 Peer Review Analysis, Inc. is a leading national provider of physician-intensive, specialty-matched, health care utilization management programs. Health care utilization management is a system of reviewing, evaluating and monitoring the medical necessity and appropriateness of health care services prescribed for participants in health care plans. The company believes that it is unique among health care utilization management firms in that it emphasizes intensive, centralized review by independent, highly qualified, Board-Certified, practicing physicians who represent the major medical specialties.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 12/6/91
 /CONTACT: Eric R. Spitzer, president and chief executive officer of Peer Review Analysis, Inc., 617-322-6400/ CO: Peer Review Analysis, Inc. ST: Massachusetts IN: HEA SU:


DD-PB -- NE017 -- 0266 12/06/91 17:12 EST
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Publication:PR Newswire
Date:Dec 6, 1991
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