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IPS HEALTH CARE REPORTS RESULTS

 IPS HEALTH CARE REPORTS RESULTS
 IRVINE, Calif., Sept. 14 /PRNewswire/ -- IPS Health Care Inc.


(NASDAQ: IPSI) has announced results for the quarter ended July 31, 1992.
 IPS HEALTH CARE INC.
 Financial Summary
 Three Months Ended July 31,
 1992 1991
 Revenues 577,596 2,988,384
 Earnings (loss) before income
 taxes and minority interest (1,221,405) 253,896
 Provision (benefit) for
 income taxes --- 111,022
 Minority interest in loss
 of subsidiary --- 39,663
 Net earnings (loss) (1,221,405) 182,537
 Net earnings per common and
 common equivalent share (.37) .05
 Weighted average number of shares
 outstanding 3,301,908 3,325,660
 IPS Health Care Inc. is a medical technical service company which primarily provides mobile MRI services to health care providers and their patients.
 -0- 9/14/92
 /CONTACT: Andrew Galligan of IPS Health Care, 714-251-1300/
 (IPSI) CO: IPS Health Care Inc. ST: California IN: MTC SU: ERN


KJ-LS -- LA014 -- 8875 09/14/92 08:04 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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