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QUANTUM HEALTH RESOURCES INC. REPORTS RECORD QUARTERLY AND SIX-MONTH FINANCIAL RESULTS

 QUANTUM HEALTH RESOURCES INC. REPORTS
 RECORD QUARTERLY AND SIX-MONTH FINANCIAL RESULTS
 ORANGE, Calif., July 29 /PRNewswire/ -- Quantum Health Resources Inc. (NASDAQ: QHRI) today reported record revenues and earnings for the quarter and six months ended June 30, 1992. These gains were the result of continued increased demand for the company's therapies and support services by persons affected by chronic disorders.
 For the quarter, revenues increased 50 percent to $28,221,200, compared to $18,792,400 for the same period last year. Net income increased to $2,436,700, or $0.18 per share, from $1,105,500, or $0.09 per share, in the second quarter of 1991.
 For the six months, revenues increased 47 percent to $52,036,800 compared to $35,282,700 a year ago. Net income increased to $4,538,500, or $0.33 per share, from $1,939,200, or $0.17 per share, for the first six months of 1991. Quarterly and year-to-date results for 1991 have been retroactively restated for the April 1992 acquisition of Factor Care Plus Inc. ("FCP"), which has been accounted for as a pooling of interests.
 Chairman, Chief Executive Officer and President Douglas H. Stickney, said, "These record results were primarily due to increased sales of protein replacement therapies for the three chronic disorders we have targeted to date -- hemophilia, alpha1-antitrypsin deficiency ("AAT") and primary immunodeficiency diseases ("PIDs"). While our most significant absolute growth occurred in the hemophilia market, substantial growth has also been achieved in our AAT and PIDs markets. In addition, favorable inventory acquisition costs in tandem with improving operating efficiencies at our existing branches led to further gains in total branch contribution to earnings, more than offsetting the added costs of investments in new branch and sales/service locations and an expanded marketing force. As a result, net income rose almost 120 percent and earnings per share doubled over the year ago quarter."
 Quantum acquired FCP on April 30, 1992, in exchange for 235,000 shares of Quantum common stock. FCP is a Tampa, Fla.-based provider of home therapies and other services to people affected by hemophilia. FCP's revenues approximated $3.9 million for the 12 months ended Dec. 31, 1991 and $2.2 million for the six months ended June 30, 1992. "FCP is already integrated into our company, giving us a new branch serving the important northern and central Florida areas and complementing our southern Florida location. We expect FCP to be anti-dilutive to earnings in 1992," said Stickney.
 "The FCP acquisition notwithstanding, Quantum's revenue and earnings growth is most directly attributable to the increasing acceptance of Quantum's Chronicare(TM) philosophy," Stickney said. "This philosophy underscores the unique focus Quantum places on understanding and responding to the vast array of special needs shared by chronically ill patients and their physicians, families, payors and other involved parties, above and beyond the immediate clinical requirements associated with a given disease state. Our goal is to help solve the special problems facing these people rather than just sell them pharmaceutical products. The end result is increased patient and physician loyalty and an enhanced quality of life for the patient."
 Quantum's balance sheet remains extremely strong and features cash and temporary investments of $26.5 million, no debt and total equity of $59.3 million. Cumulative cash flow has remained favorable since the April 1991 initial public offering. Quantum operates 18 licensed branches and seven sales/service offices; its four newest branches are Seattle, Pompano Beach, Fla., and Atlanta, each of which was licensed in the second quarter of 1992, and the recently acquired FCP location in Tampa.
 Quantum Health Resources Inc. is a national provider of therapies and support services to individuals affected by certain long-term chronic disorders requiring life-long therapy. Quantum's Chronicare service is designed to provide therapies and services that enable patients and their families 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.
 QUANTUM HEALTH RESOURCES INC. AND SUBSIDIARIES
 Summary Statement of Income
 (Unaudited)
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 (Restated) (Restated)
 Revenues $28,221,200 $18,792,400 $52,036,800 $35,282,700
 Operating
 income 3,645,100 1,693,500 6,567,300 3,080,000
 Net income $2,436,700 $1,105,500 $4,538,500 $1,939,200
 Earnings per
 share $0.18 $0.09 $0.33 $0.17
 Weighted average
 shares
 outstanding 13,776,000 12,544,000 13,774,000 11,537,000
 Selected Balance Sheet Items
 June 30, 1992 Dec. 31, 1991
 (Unaudited) (Restated)
 Current assets $64,774,100 $62,952,400
 Total assets 68,351,400 65,926,400
 Liabilities 9,059,300 13,707,600
 Stockholders' equity $59,292,100 $52,218,800
 -0- 7/29/92
 /CONTACT: Douglas H. Stickney, chairman, CEO and president, or William James Nicol, senior VP and CFO, of Quantum Health Resources, 714-750-1610; or Gary Strong of The Financial Relations Board, 312-266-7800, for Quantum Health Resources/
 (QHRI) CO: Quantum Health Resources Inc. ST: California IN: HEA SU: ERN


KJ-EH -- LA003 -- 4410 07/29/92 08:02 EDT
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