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SIERRA TUCSON COMPANIES INC. ANNOUNCES CLOSING OF SIERRA GARMISCH

SIERRA TUCSON COMPANIES INC. ANNOUNCES CLOSING OF SIERRA GARMISCH
 TUCSON, Ariz., June 18 /PRNewswire/ -- Sierra Tucson Companies Inc. (NASDAQ: STSN) today announced it will close Sierra Garmisch, a 72-bed treatment facility located in Garmisch-Partenkirchen, Germany. The facility will close shortly, as soon as legal and patient related business is concluded. Sierra Garmisch has stopped admitting patients but continues to operate while patients complete their treatment programs, or are transferred to appropriate facilities.
 The company concluded that Sierra Garmisch's inability to sufficiently access the private payor market and the insurance system's reluctance to award timely per-diem rate increases commensurate with the intense levels of care provided diminishes the likelihood of acceptable levels of profitability.
 The company anticipates a non-recurring charge to earnings in the second quarter of 1992 relative to the closing down of operations in Germany. The financial details will be included in the second quarter earnings report.
 William T. O'Donnell, Jr., chief executive officer and chairman of the board, said, "I am very proud of the professional treatment and quality care provided patients at Sierra Garmisch. Uncertainties about the timeliness of rate increases and self-pay market trends and our resolve not to compromise our methods and model of treatment make our decision to close Sierra Garmisch necessary."
 -0- 6/18/92
 /CONTACT: John H. Schmitz, executive VP, or Jim Rianoshek, investor relations, of Sierra Tucson, 602-792-5800/
 (STSN) CO: Sierra Tucson Companies Inc. ST: Arizona IN: HEA SU:


CH-SE -- LA009 -- 1524 06/18/92 12:52 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
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