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MEDAPHIS AND ADVACARE HAVE COMMENCED NEGOTIATIONS REGARDING MEDAPHIS' PURCHASE OF CERTAIN PHYSICIAN OPERATIONS OF ADVACARE

 ATLANTA and DALLAS, Oct. 14 /PRNewswire/ -- Medaphis Corporation (NASDAQ-NMS: MEDA) and AdvaCare, Inc. (NASDAQ-NMS: AVCR), today announced that they have entered into negotiations concerning the acquisition by Medaphis of certain of the physician operations of AdvaCare through an asset sale transaction. If these negotiations continue, the transaction would be subject to execution of a definitive agreement, due diligence and the parties securing the necessary third- party consents.
 Based in Atlanta, Medaphis is a leading provider of business management services, primarily billing and accounts receivable management services to hospitals and hospital-affiliated physicians.
 Based in Dallas, AdvaCare is one of the leading providers of medical billing and practice management services to healthcare providers throughout the United States.
 -0- 10/13/93
 /CONTACT: Michael R. Cote, chief financial officer of Medaphis Corporation, 404-319-3349, or B. J. Rone, president and CEO of AdvaCare, Inc., 214-343-6181/
 (MEDA AVCR)


CO: Medaphis Corporation; AdvaCare, Inc. ST: Georgia, Texas IN: HEA SU: JVN

MP-DH -- NY016 -- 2040 10/14/93 09:06 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
Words:164
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