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MEDAPHIS FILES OFFERING OF 3.0 MILLION SHARES OF COMMON STOCK

 ATLANTA, Nov. 12 /PRNewswire/ -- Medaphis Corporation (NASDAQ-NMS: MEDA) today announced the filing of a registration statement with the Securities and Exchange Commission in connection with an offering of 3,450,000 shares of common stock, including an over- allotment option from the company of 450,000 shares. Of the total offering, 2,770,601 shares of common stock will be sold by the company and 229,399 shares of common stock will be sold on behalf of certain of the company's stockholders. The managing underwriters for the offering are Alex. Brown & Sons Incorporated, Bear, Stearns & Co. Inc. and J.C. Bradford & Co.
 Medaphis is a leading provider of business management services, primarily billing and accounts receivable management services to hospital-affiliated physicians and hospitals. Based in Atlanta, Medaphis currently serves approximately 7,400 hospital-affiliated physicians and over 375 hospitals.
 Copies of the preliminary prospectus are available from Alex. Brown & Sons Incorporated, 135 East Baltimore St., Baltimore, MD 21202; Bear, Stearns & Co. Inc., 245 Park Ave., New York, NY 10167; and J.C. Bradford & Co., 330 Commerce St., Nashville, TN 37201.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 11/12/93
 /CONTACT: Michael R. Cote, chief financial officer of Medaphis, 404-319-3349/
 (MEDA)


CO: Medaphis Corporation ST: Georgia IN: HEA SU: OFR

LG-GK -- NY027 -- 3566 11/12/93 09:53 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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