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MEDIQ ANNOUNCES RECEIPT OF CONSENT FROM BONDHOLDERS TO PERMIT DISTRIBUTION OF MENTAL HEALTH MANAGEMENT STOCK

 PENNSAUKEN, N.J., July 16 /PRNewswire/ -- MEDIQ Incorporated (AMEX: MED) announced that it had received the consent from a majority of holders to amend the indenture of its 7-1/4 percent subordinated convertible debentures due 2006 to permit the distribution of 100 percent of the stock of Mental Health Management, Inc. to MEDIQ stockholders on the basis of one share of Mental Health Management, Inc. stock for each eight shares of MEDIQ common or preferred stock.
 The record and distribution dates will be announced promptly upon clearance from the Securities and Exchange Commission.
 Mental Health Management, Inc. is a leader in the development and management of mental healthcare programs for general acute care hospitals.
 /delval/
 -0- 7/16/93
 /CONTACT: Michael F. Sandler, senior vp-finance of MEDIQ, 609-665-9399/
 (MED)


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

MP-MK -- PH008 -- 2368 07/16/93 09:48 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
Words:151
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