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IPS HEALTH CARE INC. ANNOUNCES RESULTS

 IPS HEALTH CARE INC. ANNOUNCES RESULTS
 IRVINE, Calif., Feb. 19 /PRNewswire/ -- IPS Health Care Inc.,


(NASDAQ: IPSI) has announced unaudited results for the quarter ended Jan. 31, 1992. Results for the three- and nine-month periods ended Jan. 31, 1992, reflect the previously announced charge of approximately $3 million against income.
 IPS HEALTH CARE INC.
 FINANCIAL SUMMARY
 (Unaudited)
 Three months ended
 Jan. 31,
 1992 1991
 Revenues 2,569,295 2,433,180
 Earnings (loss) before income
 taxes and minority interest (3,133,954) 258,441
 Provision (benefit) for income taxes (168,552) 98,563
 Minority interest in income (7,363) ---
 Net earnings (loss) (2,972,765) 159,878
 Net earnings per common and common
 equivalent share (.94) .06
 Weighted average number of shares
 outstanding 3,160,590 2,382,270
 Nine months ended
 Jan. 31,
 1992 1991
 Revenues 8,886,069 6,977,728
 Earnings (loss) before income
 taxes and minority interest (2,693,504) 117,628
 Provision (benefit) for income taxes (168,552) 45,061
 Minority interest in loss (income) 36,602 (46,637)
 Net earnings (loss) (2,488,350) 25,930
 Net earnings per common and common
 equivalent share (.77) (.01)
 Weighted average number of shares
 outstanding 3,251,747 2,273,485
 IPS Health Care Inc., is a medical technical service company which primarily provides mobile and fixed site Magnetic Resonance Imaging ("MRI") services to health care providers and their patients.
 -0- 2/19/92
 /CONTACT: Andrew Galligan of IPS Health Care, 714-251-1300/
 (IPSI) CO: IPS Health Care Inc. ST: California IN: HEA SU: ERN


EH-JL -- LA041 -- 0730 02/19/92 21:52 EST
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Publication:PR Newswire
Date:Feb 19, 1992
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