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SCHERER HEALTHCARE ANNOUNCES REVISED AGREEMENT TO ACQUIRE UP TO 65 PERCENT OF MARQUEST MEDICAL PRODUCTS

 ATLANTA, March 17 /PRNewswire/ -- Scherer Healthcare, Inc. (NASDAQ: SCHR) today announced that it had completed a revised agreement in principle to provide up to $4.5 million in financing to Marquest Medical Products, Inc. of Englewood, Colo. and to assist in providing an additional $4.5 million through guarantee of proposed mortgage debt. The companies had previously announced an agreement in principle for Scherer to provide financing to Marquest.
 Scherer said the agreement could provide it with at least 51 percent ownership of Marquest, which could become as much as 65 percent, dependent upon stock prices and the number of warrants ultimately exercised by Scherer.
 Under the terms Scherer will guarantee a proposed $4.5 million mortgage loan. Additionally, Scherer will provide $4,500,000 of financing through a sale and leaseback transaction involving the ABG product line and related equipment. Scherer will receive warrants to acquire a total of 5,050,000 Marquest common shares, exercisable during the next ten years at $1.06 per share, either with cash or with Scherer common stock. In addition, Scherer will work with Marquest to refinance the Swiss bonds of Marquest which are in default. Scherer and Marquest anticipate utilizing a combination of Scherer and Marquest securities for this purpose.
 Scherer will have the right to designate a majority of the corporate directors of Marquest.
 Marquest Medical Products, Inc. is an international manufacturer and distributor of specialty respiratory and anesthesia disposable devices.
 Scherer Healthcare, Inc. provides healthcare and pharmaceutical services, including infectious medical waste disposal, medical and surgical supplies, pharmaceutical research based on computer assisted design, and over-the-counter pharmaceuticals.
 -0- 3/17/93
 /CONTACT: Robert D. Tucker, chairman, or James E. Brands, vice chairman of Scherer Healthcare, Inc., 404-333-0066/
 (SCHR)


CO: Scherer Healthcare, Inc. ST: Georgia IN: HEA SU:

AH-OS -- NY009 -- 6897 03/17/93 09:05 EST
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Date:Mar 17, 1993
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