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MEDAPHIS HAS DISCONTINUED NEGOTIATIONS REGARDING THE PURCHASE OF CERTAIN PHYSICIAN OPERATIONS OF ADVACARE

 ATLANTA, Nov. 12 /PRNewswire/ -- Medaphis Corporation (NASDAQ-NMS: MEDA) today announced that it has ceased negotiations concerning the acquisition of certain of the physician operations of AdvaCare, Inc. (NASDAQ-NMS: AVCR), due to the inability of the parties to reach agreement on certain matters, including valuation of the business to be acquired.
 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.
 -0- 11/12/93
 /CONTACT: Michael R. Cote, chief financial officer of Medaphis, 404-319-3349/
 (MEDA AVCR)


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

TW-GK -- NY025 -- 3551 11/12/93 09:34 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:110
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