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U.S. HOMECARE CORP. ACQUIRES NEW YORK CITY METROPOLITAN AREA INFUSION THERAPY BUSINESS

 U.S. HOMECARE CORP. ACQUIRES NEW YORK CITY METROPOLITAN AREA
 INFUSION THERAPY BUSINESS
 HARTSDALE, N.Y., Nov. 10 /PRNewswire/ -- U.S. HomeCare Corporation (NASDAQ: USHO) today announced that it has acquired the business and substantially all the assets of Home Infusion Pharmaceutical Services, Inc. (HIPS), a member of the Abel Health Group of companies. HIPS is a leading provider of home infusion therapy services in New York City and Long Island, with net sales of approximately $20 million. HIPS was founded by Edward J. Abel, who will become a consultant to U.S. HomeCare. Terms of the acquisition were not disclosed.
 W. Edward Massey, president and chief executive officer of U.S. HomeCare, stated "Abel's home infusion business enjoys an outstanding reputation in the Metropolitan market. We are pleased to have some of the finest health care professionals in the business join the U.S. HomeCare family and to retain the services of Edward Abel as a consultant to U.S. HomeCare." Mr. Massey also said, "The acquisition of Abel's infusion business continues the development strategy of the company by expanding services through key acquisitions in major markets where we are already established."
 Abel, who founded his infusion therapy business in 1985, stated, "I am delighted with the sale to U.S. HomeCare and the resulting benefits that will accrue to our patients, employees and referring physicians. U.S. HomeCare is a well-capitalized, fully-integrated home care services company that shares our commitment to excellence."
 U.S. HomeCare is a leading provider of integrated home health care services, including nursing care and infusion therapy. Services are provided by approximately 3,200 caregivers in seven major markets through 26 locations, including five infusion therapy facilities and pharmacies.
 -0- 11/10/92
 /CONTACT: Anna M. Bertacchi, manager-investor relations of U.S. HomeCare Corporation, 914-287-4484/
 (USHO) CO: U.S. HomeCare Corporation ST: New York IN: MTC SU: TNM


SH-OS -- NY088 -- 9410 11/10/92 15:50 EST
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Publication:PR Newswire
Date:Nov 10, 1992
Words:323
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