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LINCARE HOLDINGS SEES NO BUSINESS REASON FOR RECENT STOCK PRICE DECLINE

 CLEARWATER, Fla., Feb. 23 /PRNewswire/ -- The management of Lincare Holdings, Inc. (NASDAQ: LNCR) today stated that it is not aware of any reason for the recent decline in the Company's stock price that relates to the Company's financial performance.
 "Following record financial results in 1992, business is off to a good start in 1993," stated James T. Kelly, Lincare's president and chief executive officer. "Based on the current level of business activity and the outlook for further growth, we expect 1993 to set new records for revenues and earnings."
 "With respect to health care reform, the administration is interested in reform which promotes preventive medicine, cost containment, and a delivery system responsive to consumer preferences," Mr. Kelly said. "We feel that home care satisfies all these requirements, and that homecare services are consistent with healthcare reform."
 The Company reported financial results for 1992 on February 10, 1993. For the year that ended December 31, 1992, revenues increased 32 percent to $117,403,000 from 1991's $88,634,000. Net income of $15,139,000 increased from $2,847,000 earned in the previous year and includes a $1,000,000 extraordinary charge for the early retirement of debt. On a per-share basis, net income was $1.19 in 1992, compared with $0.30 in 1991.
 Lincare, headquartered in Clearwater, Florida, is one of the nation's largest providers of oxygen and other respiratory therapy services to patients in the home, providing services and equipment to over 35,000 customers in 27 states.
 -0- 2/23/93
 /CONTACT: James M. Emanuel or Howard R. Deutsch of Lincare Holdings, 813-530-7700/
 (LNCR)


CO: Lincare Holdings, Inc. ST: Florida IN: HEA SU:

SB -- NY070 -- 9502 02/23/93 14:25 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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