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QUANTUM HEALTH RESOURCES INC. ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE FACTOR CARE PLUS INC.

QUANTUM HEALTH RESOURCES INC. ANNOUNCES SIGNING OF LETTER OF INTENT
 TO ACQUIRE FACTOR CARE PLUS INC.
 ORANGE, Calif., March 25 /PRNewswire/ -- Quantum Health Resources Inc. (NASDAQ: QHRI) announced today that it had entered into a letter of intent to acquire all of the outstanding shares of Factor Care Plus Inc. ("FCPI"), a provider of home therapies and services to individuals affected by hemophilia, headquartered in Tampa, Fla. FCPI generated revenues of approximately $4,000,000 for the 12-month period ended Dec. 31, 1991.
 Quantum intends to acquire the shares in exchange for 235,000 shares of Quantum common stock. The acquisition will be accounted for as a pooling of interests. Consummation of the transaction is subject to number of conditions, including (1) satisfactory completion by Quantum of financial and legal due diligence on FCPI and (2) execution of a definitive stock purchase agreement. The transaction is expected to close in early April 1992.
 Quantum Health Resources Inc. is a national provider of therapies and support services to individuals affected by certain chronic disorders requiring long-term therapy. Quantum's Chronicare(TM) philosophy of care provides therapies and services which enable each patient and family to manage the patient's disease with greater independence, address psychosocial issues related to the disorder and manage the financial burden of the cost of care.
 -0- 3/25/92
 /CONTACT: Douglas H. Stickney, chairman, chief executive officer and president of Quantum Health Resources, or William James Nicol, senior vice president and chief financial officer, 714-750-1610; or William F. Coffin of the Financial Relations Board, 818-783-2400, for Quantum Health Resources/
 (QHRI) CO: Quantum Health Resources Inc.; Factor Care Plus Inc. ST: California, Florida IN: MTC SU:


EH-KJ -- LA010 -- 1367 03/25/92 08:04 EST
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Publication:PR Newswire
Date:Mar 25, 1992
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