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PHYSICIANS CLINICAL LABORATORY ANNOUNCES TWO ACQUISITIONS IN FRESNO; TRANSACTIONS ARE COMPANY'S FIFTH AND SIXTH IN SAN JOAQUIN THIS YEAR

 SACRAMENTO, Calif., May 3 /PRNewswire/ -- Physicians Clinical Laboratory Inc. (NASDAQ: PCLI) announced today that it is currently completing transactions to acquire two Fresno, clinical laboratory companies for approximately $1.5 million, continuing an expansion program throughout the state's San Joaquin Valley.
 Under the terms of an agreement scheduled to close May 10, Physicians Clinical Laboratory will purchase the assets, including all equipment and customer lists, of the Fresno Barstow Medical Laboratory, which has three patient service centers in greater Fresno. As well, the company disclosed it has consummated the purchase of the North Fresno Medical Laboratory.
 Both transactions further Physicians Clinical Laboratory's burgeoning presence in Central California, where as a result of transactions completed in recent months, it now ranks among the region's largest providers of clinical laboratory services, according to Nathan L. Headley, the company's president and chief executive officer.
 "The implications of our growth in Fresno and in the surrounding San Joaquin Valley are significant on several levels," said Headley. "With efficient operations already in place locally, we'll be able to cost-effectively absorb incremental processing volumes resulting from these acquisitions.
 "Secondly, we've staked Physicians Clinical Laboratory's success on our strong service orientation -- timely processing, high degrees of consistency and patient accessibility to draw stations. Our ability to identify selective acquisitions that enhance our regional service system is fundamental to our continued expansion."
 The company's most recent acquisitions are, respectively, its fifth and sixth in the San Joaquin Valley. Physicians Clinical Laboratory operates a regional "Hub" laboratory in Fresno, which is supported by 20 patient service centers and four STAT facilities.
 "We've made considerable commitment -- both financially and strategically -- to the San Joaquin Valley," Headley said. "Our intention is to become the pre-eminent provider of clinical laboratory services to the region's physicians and their patients."
 Sacramento-based Physicians Clinical Laboratory is the third largest clinical laboratory corporation in California, where it served more than 1.3 million patients last year. The company operates four regional laboratories statewide, augmented by an expansive network of patient service centers and STAT laboratory facilities.
 -0- 5/3/93
 /CONTACT: Peter J. Raffetto of Physicians Clinical, 916-444-3500; or Gerald Freisleben of Freisleben & Co., 818-566-6621/
 (PCLI)


CO: Physicians Clincial Laboratory; Fresno Barstow Medical Laboratory;
 North Fresno Medical Laboratory ST: California IN: MTC SU: TNM


LH-SG -- SF004 -- 3508 05/03/93 05:30 EDT
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Publication:PR Newswire
Date:May 3, 1993
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