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MEDIQ ANNOUNCES DATES FOR DISTRIBUTION OF STOCK OF MENTAL HEALTH MANAGEMENT, INC. SUBSIDIARY

 PENNSAUKEN, N.J., Aug. 9 /PRNewswire/ -- MEDIQ Incorporated (AMEX: MED) today announced the record and distribution dates for the previously announced tax-free distribution to MEDIQ stockholders of 100 percent of the stock of its Mental Health Management, Inc. (MHM) subsidiary.
 Stockholders of record as of Aug. 24, 1993, will receive one share of MHM Common Stock for every eight shares of MEDIQ Common Stock (MED) and Series A Preferred Stock (MED.pr) held.
 The distribution of MHM stock will be effective on Aug. 31, 1993. Mailing of certificates representing the shares of MHM Common Stock will commence on or about Aug. 31, 1993. A detailed information statement will be mailed to MEDIQ stockholders in the near future. The MHM Common Stock is expected to trade on the American Stock Exchange under the symbol MHM.
 MEDIQ provides products and services to hospitals, nursing homes, healthcare professionals and consumers. Its principal activities are the rental of critical care equipment and diagnostic imaging and testing. MEDIQ's securities trade on the American Stock Exchange under these symbols: common stock (MED), preferred stock (MED.pr), convertible debentures (MED.C) and subordinated debentures (MED.NP) exchangeable into shares of NutraMax Products, Inc. (NASDAQ: NMPC).
 MHM, headquartered in McLean, Va., is a leader in the development and management of mental health programs for acute care hospitals, and also owns and operates six freestanding mental health facilities.
 /delval/
 -0- 9/8/93
 /CONTACT: Michael F. Sandler, senior vp-finance of MEDIQ, 609-665-9399/
 (MED MHM NMPC)


CO: MEDIQ Incorporated, Mental Health Management, Inc. ST: New Jersey, Virginia IN: HEA SU:

JM-LJ -- PH022 -- 0859 08/09/93 15:57 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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