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REPUBLIC HEALTH REPORTS SECOND QUARTER REVENUE INCREASE

 REPUBLIC HEALTH REPORTS SECOND QUARTER REVENUE INCREASE
 DALLAS, March 27 /PRNewswire/ -- Republic Health Corporation (NASDAQ: REPH) today announced earnings and revenues for the second quarter of fiscal 1992.
 For the three months ended Feb. 29, 1992, Republic Health reported increased net revenues of $124,415,000 as compared to net revenues of $110,205,000 for the same three months in fiscal 1991. The company reported a net loss of $680,000, or $.06 per share, after preferred dividends which compares to a net income of $1,211,000 for the same three months in fiscal 1991.
 For the six months ending Feb. 29, 1992, revenues were up to $246,634,000 as compared to revenues of $228,353,000 for the same six month period in fiscal 1991. The company reported net income of $2,098,000, or $.11 per share, after preferred dividends as compared to net income of $2,328,000 for the six months ending Feb. 29, 1992.
 The quarter and the six month periods ending Feb. 29, 1992, were adversely impacted by a special executive compensation charge recorded in connection with the employment of Charles N. Martin, Jr. as chairman, president and CEO. The company also recorded liability associated with the termination of the management contract of Alvarez and Marsal, Inc., a financial turnaround firm who had been advising Republic Health since 1987.
 Republic owns or leases and operates 11 acute care hospitals with 2,543 licensed beds, three surgery centers and one physician group practice in six states.
 REPUBLIC HEALTH CORPORATION AND SUBSIDIARIES
 Summary of Financial Information
 (In thousands, except per share data)
 Three months ended Six months ended
 2/29/92 2/28/91 2/29/92 2/28/91
 Total revenue $124,415 $110,205 $246,634 $228,353
 Costs and expenses 120,976 108,678 239,190 225,450
 Income bef. special
 executive compensation
 and taxes 3,439 1,527 7,444 2,903
 Net income (loss) (680) 1,211 2,098 2,328
 Preferred dividends 375 -- 570 --
 Earnings per share (A) (.06) .20 .11 .39
 (A) Earnings per share for the three months and six month period ended Feb. 29, 1992 and Feb. 28, 1991, was calculated using 16,422,187 and 5,973,304, and 13,845,073 and 5,941,908 shares, respectively.
 -0- 3/27/92
 /CONTACT: Craig R. Clark, vice president, 214-851-3104, or Helen Hardin, 214-851-3151, both of Republic Health Corporation/
 (REPH) CO: Republic Health Corporation ST: Texas IN: HEA SU: ERN


PS-AH -- NY070 -- 2583 03/27/92 18:51 EST
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Publication:PR Newswire
Date:Mar 27, 1992
Words:425
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