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NEW CFO, BOARD MEMBERS TO JOIN COMMUNITY PSYCHIATRIC CENTERS

 NEW CFO, BOARD MEMBERS TO JOIN COMMUNITY PSYCHIATRIC CENTERS
 LAGUNA HILLS, Calif., Dec. 19 /PRNewswire/ -- Community Psychiatric Centers (NYSE: CMY) today announced the appointment of Steven S. Weis to the post of chief financial officer and the election of David L. Dennis and Stephen J. Powers to the company's board of directors. The board also accepted the resignation of director Robert L. Green.
 "The addition of Steve Weis to CPC's top management team and David Dennis and Steve Powers to the company's Board will greatly enhance our financial expertise at this critical juncture in our history," said James W. Conte, chairman and chief executive officer.
 Weis, 49, most recently served as president of The CFO Group, a corporate financial management services firm he formed in 1989 to help chief executive officers improve profitability, upgrade management information systems, enhance lending relationships and deal more effectively with a variety of other business challenges. Weis previously spent 20 years with Ernst & Young, including 13 years as partner. He transferred from the firm's Century City, Calif. office to Los Angeles in 1980 to launch the Computer Auditing Program, while continuing to serve as an engagement partner.
 During his tenure at Ernst & Young, Weis often served his clients as a part-time chief financial officer by helping them raise capital, make acquisitions, analyze operations, reduce income taxes, increase efficiency, evaluate financing alternatives and improve information systems. His clients ranged in size from start-ups to companies with annual sales exceeding $1 billion.
 Weis has authored five books on computers published by Prentice- Hall and co-authored two computer guides for the California Society of CPAs. A certified public accountant and certified professional consultant, Weis received his bachelor of arts in economics and completed the executive management program at the University of California at Los Angeles (UCLA). He is a member of Town Hall, the Los Angeles Chamber of Commerce, Jonathan Club, Los Angeles Venture Association, The Academy of Professional Consultants & Advisors, The American Institute of Certified Public Accountants and the California Society of CPAs. He is in the process of relocating to Laguna Hills from Northridge, Calif.
 Joining CPC's board is David L. Dennis, 43, managing director, investment banking, for Donaldson Lufkin & Jenrette Securities Corp. Dennis has been responsible for DLJ's health care and media industry financing effort on the West Coast since 1989. His experience includes a broad range of financing transactions, including public and private debt and equity placements, initial public offerings, leveraged buyouts, mergers and acquisitions, partnership financings and venture capital placements. Prior to joining DLJ Dennis was with Merrill Lynch & Co. in Los Angeles, where he held the posts of director, investment banking, from 1988-1989, vice president from 1984-1988, and associate from 1981-1984.
 Dennis received his master of business administration from UCLA and his bachelor of arts from San Diego State University. He was a specialist in intelligence operations for the U.S. Air Force from 1968-1973 and spent three years with the U.S. Embassy's Defense Attache Office in Lisbon, Portugal. Dennis now lives in Santa Monica, Calif.
 New board member Stephen J. Powers, 42, is president and founder of Cronus Partners, Inc., a private investment banking firm specializing in mergers, acquisitions, corporate reorganizations and general corporate finance advice. Since its formation in 1988 the firm has represented more than 60 clients in transactions ranging from $50 million to $5.8 billion, including CPC's more recent acquisition efforts. From 1972-1988 Powers was with Bankers Trust Co., last serving as managing director, partner and co-head of the investment and merchant banking department, which encompassed corporate finance, mergers and acquisitions, principal transactions, leveraged finance, leasing, project finance and venture capital.
 Powers received his master of arts from the University of California and his bachelor of arts from Princeton University. The Chicago native lives in Westport, Conn.
 CPC now has nine members on its board, following the resignation of Green, chairman, president and chief executive officer of VIVRA Inc. in San Francisco. Green, who was chairman and chief executive officer of CPC prior to the company's spin-off of its kidney dialysis and home health operations to form VIVRA in 1989, has elected to devote his full time and attention to running VIVRA.
 CPC is expected to announce earnings for the fourth quarter and fiscal year ended Nov. 30, 1991 in late January 1992. Following is a tabulation of 1991 patient activity:
 4thQ91 4thQ90 Year 91 Year 90
 Total:
 Admissions 9,331 9,798 38,629 35,701
 Patient days 176,439 202,856 778,028 768,795
 Av. length
 of stay
 (ALOS) 18.9 20.7 20.1 21.5
 Same-
 store:(a)
 admissions 9,129 9,798 36,910 35,701
 Patient days 172,347 202,856 750,057 768,795
 ALOS 18.9 20.7 20.3 21.5
 (a) Same store figures include one hospital which closed Aug. 31, 1991. Excluding this hospital, same store admissions and patient days were 36,492 and 745,493 in 1991 vs. 35,034 and 757,115 in 1990.
 Community Psychiatric Centers owns and operates 50 acute psychiatric hospitals in the United States and United Kingdom. The company's stock trades on the New York, Boston, Midwest and Pacific exchanges.
 -0- 12/19/91
 /CONTACT: Suzanne S. Hovdey of Community Psychiatric Centers, 714-831-1166
 (CMY) CO: Community Psychiatric Centers ST: California IN: HEA SU: PER


KJ -- LA002 -- 3724 12/19/91 09:04 EST
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Date:Dec 19, 1991
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