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UNITED AMERICAN HEALTHCARE REPORTS EXPANSION AND DEVELOPMENT; WILL IMPACT THIRD QUARTER PROFIT

 DETROIT, April 15 /PRNewswire/ -- United American Healthcare Corporation (NYSE: UAH) today said that increased investment in new business development will be a principal reason for a decrease in third quarter earnings. The company anticipates earnings for the quarter ended March 31, 1993 to be approximately $800,000, or about 13 cents a share, adjusted for the recent five for four stock split, when compared with last year's third quarter. The company views the downturn in net income as temporary and believes its earnings for the fourth quarter will compare favorably with the fourth quarter a year ago.
 "We continue to manage with the belief that the market currently presents many outstanding opportunities and that United American will build on its capabilities to maintain our strong, long term growth record," said Ronald R. Dobbins, president.
 Mr. Dobbins pointed out the year ago third quarter was the best of that fiscal year for the company with net income of $1,373,000, or 22 cents a share, adjusted for the stock split.
 United American Healthcare Corporation is a health care management company. UAH provides a full range of services to two health maintenance organizations -- OmniCare Health Plan in southeast Michigan and Personal Physician Care of Ohio, based in Cleveland. The company's strategy is to expand its expertise into avenues such as Third Party Administrator services.
 -0- 4/15/93
 /CONTACT: Dr. Julius V. Combs, M.D., Chairman and CEO, or Ronald R. Dobbins, President, United American Healthcare Corporation, 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, all for United American Healthcare Corporation/
 (UAH)


CO: United American Healthcare Corporation ST: Michigan IN: HEA SU: ERP

JG -- DE009 -- 6127 04/15/93 10:33 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
Words:298
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