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PACIFICARE(R) HEALTH SYSTEMS ANNOUNCES STOCK REPURCHASE PLAN

 CYPRESS, Calif., Feb. 24 /PRNewswire/ -- PacifiCare(R) Health Systems Inc. (NASDAQ: PHSYA, PHSYB) announced today that its Board of Directors has authorized the repurchase of up to 500,000 shares of its Class B common stock on the open market subject to market conditions and other relevant factors affecting the company. The Company currently has approximately 15,369,000 shares of Class B common stock outstanding.
 "We feel that with the recent significant decline in the value of PacifiCare Health Systems' stock, there may be attractive opportunities available to us to acquire shares," said Terry Hartshorn, president and chief executive officer. "Our share repurchases will be made when market and business conditions are deemed favorable."
 PacifiCare Health Systems is one of the nation's leading managed health care organizations. Primary operations include HMOs for employer groups and Medicare beneficiaries in California, Oklahoma, Oregon, Texas and Washington with more than 975,000 members. Other operations include a health and life insurance company, a managed behavioral health care organization, a utilization review services firm and a health promotion company.
 -0- 2/24/93
 /CONTACT: David K. Erickson, Investor Relations, 714-229-2636, or Debby Iacunato, Media Relations, 714-220-3745, both of PacifiCare Health Systems/
 (PHSYA PHSYB)


CO: PacifiCare Health Systems Inc. ST: California IN: HEA SU:

TM-JL -- LAON1 -- 9704 02/24/93 07:00 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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