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PHYSICIANS CLINICAL LABORATORY ANNOUNCES TWO CALIFORNIA ACQUISITIONS FOR $1.3 MILLION

 Purchases in Beverly Hills, Suburban Sacramento Will Funnel
 Incremental Processing Volumes into Existing Facilities
 SACRAMENTO, Calif., July 6 /PRNewswire/ -- Physicians Clinical Laboratory Inc. (NASDAQ: PCLI) today announced that it has completed the purchase of one clinical laboratory company, and will shortly close a second, unrelated acquisition, in transactions totaling $1.3 million in cash.
 In an agreement concluded last week, Physicians Clinical Laboratory acquired certain assets of Beverly Hills, Calif.-based Rox San Laboratory. The operations of Rox San, including its laboratory facility and patient service center, will be absorbed into Physicians Clinical Laboratory's established Los Angeles-area network.
 Under the terms of a second purchase, set to close by July 23, Physicians Clinical Laboratory will acquire the laboratory assets of Oakridge Medical Group, a physician-office facility located in the suburban Sacramento community of Roseville. The Oakridge Medical Group acquisition further expands the company's presence in the Sacramento market, where it is the leading provider of clinical laboratory services.
 According to Nathan L. Headley, Physicians Clinical Laboratory's president and chief executive, the combined annual revenue of the acquired companies is approximately $1.25 million. Furthermore, he said the respective purchases are consistent with the company's strategy of seeking acquisition targets offering incremental processing volumes that can be folded into existing operations.
 "The Rox San acquisition expands the service network of our Los Angeles operations significantly, and provides us with an initial foothold in the Beverly Hills area, which has one of the highest concentrations of physicians in the nation," said Headley. "The purchase of Oakridge is continued evidence of our commitment to remain the pre-eminent clinical laboratory services provider in Sacramento, our home base."
 The Rox San and Oakridge transactions reflect the company's fifth and sixth, respectively, during fiscal 1994, which began last March 1. During the past 12 months, Physicians Clinical Laboratory has completed 15 acquisitions in its transformation from local to statewide purveyor of laboratory services.
 Headquartered in Sacramento and employing more than 900 people throughout the state, Physicians Clinical Laboratory is the third- largest laboratory testing company in California. The company serves hospitals, health-maintenance organizations and physicians through a system of four laboratories -- in Sacramento, Fresno, Santa Barbara and suburban Los Angeles -- 15 STAT laboratory facilities and more than 100 patient service centers.
 -0- 7/6/93
 /CONTACT: Gerald Freisleben of Freisleben & Co., 818-566-6621, for Physicians Clinical Laboratory/
 (PCLI) CO: Physicians Clinical Laboratory; Oakridge Medical Group ST: California IN: MTC SU: TNM


MF-JL -- LA013 -- 8522 07/06/93 09:30 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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