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QUANTUM HEALTH RESOURCES INC. OFFERS $75 MILLION OF CONVERTIBLE SUBORDINATED DEBENTURES DUE 2000

 ORANGE, Calif. Oct. 1 /PRNewswire/ -- Quantum Health Resources Inc. (NASDAQ: QHRIG) (QHRI) announced the public offering today of $75 million of 4 3/4 percent convertible subordinated debentures due 2000 at par. The debentures are convertible into shares of the company's common stock at any time beginning 60 days after the closing of the offering and prior to maturity unless previously redeemed at a price of $30.31 per share, subject to adjustment in certain events. The debentures are redeemable at any time on or after Oct. 1, 1995, at the option of the company at established redemption prices plus accrued interest, except that until Oct. 1, 1996, the debentures cannot be redeemed unless the closing price of the company's common stock equals or exceeds 150 percent of the then-effective conversion price per share for at least 20 of 30 consecutive trading days ending not more than 10 calendar days prior to the date the notice of redemption is mailed.
 Lehman Brothers Inc. and Smith Barney Shearson Inc. are the managing underwriters of the offering. The debentures have been approved for listing on the NASDAQ over-the-counter market under the symbol QHRIG.
 Proceeds from the sale of debentures will be used for additional working capital and general corporate purposes.
 Copies of the prospectus relating to the offering may be obtained from the Lehman Brothers Inc., American Express Tower, World Financial Center, New York, NY 10285, or Smith Barney Shearson Inc., 1345 Avenue of the Americas, New York, NY 10105.
 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 condition with greater independence, address psychosocial issues related to the disorder and manage the financial burden of the cost of care.
 -0- 10/1/93
 /CONTACT: Douglas H. Stickney, chairman, CEO and president of Quantum Health Resources, 714-750-1610, or William James Nicol, senior VP and CFO, 714-750-1610; or Gary Strong or Kathy Brunson, Financial Relations Board Inc., 312-266-7800/
 (QHRIG)


CO: Quantum Health Resources ST: California IN: HEA SU: TNM

NY-MF -- LA011 -- 7671 10/01/93 09:28 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:369
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