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MRI MANAGEMENT ASSOCIATES TO OPEN THIRD MRI FACILITY

 NEW YORK, Jan. 4 /PRNewswire/ -- MRI Management Associates, Inc. (NASDAQ-NMS: MRIM), has entered into a contract to operate its third magnetic resonance imaging (MRI) facility. The unit will commence operations this month at a large-volume practice in Brooklyn, N.Y., specializing in physical therapy and rehabilitative medicine.
 The company, for its first client, currently operates an MRI mobile facility which is being converted to a fixed installation site and will commence operations early this month. It has been announced that the company, for its second client, will commence operating a CAT-scan by middle January. All three sites are located in the New York Metropolitan area.
 Steven Rabinovici, president and chief operating officer, stated, "The addition of this third MRI unit will have its full impact on our 1994 earnings. Based on our historical operations and management of on-site units, we believe we can expect $2-3 million of annual revenue from this unit. We have developed an infrastructure to service five to seven units without incurring significant additional fixed costs. This will serve to maintain our margins through our initial growth phase of the balance of 1994."
 MRI recently announced an agreement with the New York District of Siemens Medical Systems, Inc., Iselin, N.J., a manufacturer and supplier of medical imaging equipment and a division of Siemens, AG, a $48 billion multi-national company. The company has agreed to buy four low field MRI systems from Siemens this year for placement in medical practice offices.
 MRI Management Associates, Inc., is a medical management company which provides comprehensive services for the financing, installation and administrative management of magnetic resonance imaging (MRI) facilities. MRI is a medical diagnostic imaging technology which provides high resolution images of internal body parts in a rapidly growing number of diagnostic applications. The company provides doctors, whose pre-existing MRI usage and patient base can support a dedicated "in-house" unit, with the opportunity to acquire the exclusive use of an MRI unit at limited economic risk and to have the unit installed, operated and managed by the company's employees. MRI Management Associates is traded on the national market system of NASDAQ under the symbol MRIM.
 -0- 1/4/94
 /CONTACT: Steven Rabinovici, president of MRI Management Associates, 212-868-9210; or Sam Witchel of Scharff, Witchel & Co., 212-983-1060/
 (MRIM)


CO: MRI Management Associates, Inc. ST: New York IN: HEA SU:

TW-PS -- NY013 -- 8824 01/04/94 10:27 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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