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MetraHealth Care Plan of New York awards HEARx contract for hearing care.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 27, 1996--Paul A. Brown, M.D., chairman of HEARx Ltd. (AMEX: EAR), announced today that HEARx has reached an agreement with MetraHealth Care Plan, a United HealthCare company, to provide hearing care services to MetraHealth Care Plan's Medicare members in New York and New Jersey.

MetraHealth will be marketing a Managed Care plan to Medicare beneficiaries upon approval of a contract with Health Care Financing Administration. Under the terms of the agreement with HEARx, MetraHealth Medicare members will receive a hearing aid evaluation and $600 credit every three (3) years toward the purchase of any hearing aid of their choice at any of HEARx's conveniently located centers in New York or New Jersey.

All members will be able to avail themselves of the hearing aid benefit in any HEARx center in the Northeast or in Florida. HEARx's program of standardizing all centers means that all services can be provided throughout the HEARx network without any difference in the cost to the consumer or the health care provider. As with all HEARx patients, members will also be provided with: a 3-year limited warranty, and 1-year supply of batteries, a $200 residual value when purchasing a future hearing aid and a 15% discount when purchasing a hearing aid for their other ear.

MetraHealth Care Plan of New York and New Jersey is a United HealthCare company. United HealthCare Corp. is a national leader in health care management. The company serves over 40 million individuals through a broad continuum of health care products and services.

HEARx, the largest network of audio-vestibular rehabilitative centers in the $2 billion field of hearing services operates over 60 company-owned centers in Connecticut, Florida, New Jersey, New York, Oregon and Virginia. The company provides hearing care primarily to patients whose health insurance and managed care organizations have contracted with HEARx.

CONTACT: HEARx Ltd.

Paul A. Brown, M.D., 561/478-8770 Ext. 123

or

Silverman Heller Inc.

Edward Silverman, 212/682-9222
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 27, 1996
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