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QUAL-MED ANNOUNCES ACQUISITION OF PREFERRED HEALTH NETWORK

 QUAL-MED ANNOUNCES ACQUISITION OF PREFERRED HEALTH NETWORK
 PUEBLO, Colo., March 2 /PRNewswire/ -- Qual-Med Inc. (NASDAQ: QLMD) announced that it had completed the previously announced acquisition of Preferred Health Network (PHN), which operates a Preferred Provider Organization network for managed health care and workers' compensation services in California.
 "The acquisition is a strong strategic move as Qual-Med's market in California is currently limited to the San Francisco Bay Area while PHN covers the entire state of California. PHN will allow Qual-Med to expand its HMO operations to all of California at relatively low cost," said Dr. Malik Hasan, Qual-Med's chairman and chief executive officer.
 Additionally, the acquisition will enable Qual-Med to expand its services to include PPO products in six western states. This will allow Qual-Med to service clients from a total managed care product base.
 Qual-Med owns health maintenance organizations operating in the states of California, Colorado, Idaho, New Mexico, Oregon and Washington.
 -0- 3/2/92
 /CONTACT: Keith Hovland, executive VP-finance and administration, of Qual-Med, 719-542-0500/
 (QLMD) CO: Qual-Med Inc. ST: Colorado IN: HEA SU: TNM


DM-JL -- LA040 -- 4230 03/02/92 18:28 EST
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Publication:PR Newswire
Date:Mar 2, 1992
Words:186
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