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MEDPLUS AND NORWEST FINANCIAL REACH AGREEMENT TO PROVIDE PATIENT FINANCING TO HEALTHCARE PROVIDERS

 COLORADO SPRINGS, Colo., Sept. 15 /PRNewswire/ -- Medplus Corp. (OTC Bulletin Board: MPPI) announced today that it has reached agreement with Norwest Financial to provide patient financing to providers of healthcare. Medplus markets patient financing products to healthcare providers through a network of strategic alliances under its Patient Plus(R) Program. Medplus' Patient Plus program utilizes a consortium of finance institutions to generate non-recourse, cash advanced funding to patients of its healthcare provider client base through convenient and manageable financing programs. Medplus executive vice president, Tim C. DeHerrera, stated "Norwest Financial is a quality addition to the growing consortium of finance sources with which Medplus is working to provide convenient, flexible, and personalized financial service to our healthcare providers. We are looking forward to working with Norwest as we continue to provide quality patient financing to this growing $160 billion area of the healthcare market."
 Norwest Financial is a consumer lending company and a wholly owned subsidiary of Norwest Corp. based in Minneapolis. Medplus is a healthcare financial management company headquartered in Colorado Springs with a field office in Las Vegas.
 -0- 9/15/93
 /CONTACT: Robert T. Ryman of Medplus, 719-575-0044/
 (MPPI)


CO: Medplus Corp.; Norwest Financial; Norwest Corp. ST: Colorado, Minnesota IN: HEA FIN SU:

MC -- DV005 -- 2432 09/15/93 16:53 EDT
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Publication:PR Newswire
Date:Sep 15, 1993
Words:215
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