LUMEX, INC. REPORTS ON CYBEX DIVISION DISCUSSIONS WITH AMERICARE HEALTH GROUP, INC.
BAY SHORE, N.Y., May 12 /PRNewswire/ -- Lumex, Inc. (AMEX: LUM) announced today that its CYBEX division has ended discussions regarding the sale of its line of back testing equipment to Americare Health Group, Inc. CYBEX is proposing to serve as a primary vendor to Americare's wholly owned subsidiary, Spinecare, Inc., supplying CYBEX back testing equipment as well as other strength training and rehabilitation products. Spinecare, Inc. is involved in franchising multi-disciplinary facilities for diagnosis and treatment of back dysfunctions. Lawrence N. Cohen, chairman and chief executive officer of Lumex, Inc., said, "CYBEX remains committed to our leadership role in back testing and rehabilitation equipment and to maintaining strong relationships with our base of CYBEX Back Systems users. We view Spinecare, Inc., as an important potential customer for CYBEX rehabilitation products." Lumex, Inc. is a leading manufacturer of products for the health care industry through its LUMEX and CYBEX Divisions, serving acute and long-term care, home health care, physical therapy/sports medicine and fitness market segments. -0- 5/12/93 /CONTACT: June Filingeri or Bernie Kilkelly of Morgen-Walke Associates, 212-986-5900, for Lumex, Inc./ (LUM)
CO: Lumex, Inc.; Americare Health Group, Inc. ST: New York IN: HEA SU: TNM
SH -- NY017 -- 7378 05/12/93 08:36 EDT
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|Date:||May 12, 1993|
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