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UNITED AMERICAN HEALTHCARE EXPANDS THROUGH ACQUISITION

 DETROIT, May 10 /PRNewswire/ -- United American Healthcare Corporation (NYSE: UAH) today announced it has acquired Corporate Healthcare Financing, a health care services company. CHF creates turnkey health care plans for self funded employer groups.
 Terms call for an undisclosed combination of cash, UAH common stock and seven-year performance note. The note is non-interest-bearing and pays quarterly to the extent that cumulative performance through such quarter exceeds a preestablished benchmark.
 Annualized revenue of CHF is more than $5 million. Founding principal of the Corporate Healthcare Financing companies, Louis J. Nicholas will continue to operate the business and will be a senior executive-division head at United American. The acquisition will be a wholly owned subsidiary of United American. Corporate Healthcare Financing, based in Baltimore, is comprised of specified assets and liabilities of CHF, Inc., Healthcare Plan Management, Inc., and CHF-HPM Limited Partnership.
 "We expect CHF to add to profitability beginning in this current fourth quarter. CHF has an extremely strong sales organization, and their niche is designing health management plans. This alliance fits squarely into our strategy for diversifying into the business of servicing corporate self-funded employee benefits plans," said Julius V. Combs, M.D., chairman.
 "This agreement also allows us to aggressively pursue the Third Party Administrator business we have already initiated. This is a primary goal for United American," said Dr. Combs.
 "It also extends UAH's geographic range as CHF operates in 13 states with offices in New York, Boston and the District of Columbia," he concluded.
 W.Y. Campbell & Company originated and acted as financial adviser to United American Healthcare Corporation in this transaction.
 United American Healthcare Corp. is a health care management company. UAH provides a full range of services to two health maintenance organizations -- OmniCare Health Plan based in Southeast Michigan and Personal Physician Care of Ohio, based in Cleveland. UAH also manages TPA and preferred provider organization business. The company has recently announced health management initiatives located in New York City and Washt?on, D.C., both in partnership with entities based in those cities.
 -0- 5/10/93
 /CONTACT: Julius V. Combs, M.D., Chairman and CEO, United American Healthcare Corporation, 7650 Second Ave., Detroit, MI 48202, 313-393-0200; or Joyce Davis-Adams of JDA Enterprises, 313-961-7835; or Dixie Watterson, 708-564-5610, Mark Perlgut, 212-580-4141, or Earle Brown, 813-796-1452, all of The Investor Relations Company, for United American Healthcare Corporation/
 (UAH)


CO: United American Healthcare Corporation;
 Corporate Healthcare Financing ST: Michigan IN: HEA INS SU: TNM


SM -- DE023 -- 6663 05/10/93 16:30 EDT
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Publication:PR Newswire
Date:May 10, 1993
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