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UNITED WISCONSIN SERVICES ANNOUNCES COMPLETION OF DEBT OFFERING

 MILWAUKEE, July 13 /PRNewswire/ -- United Wisconsin Services, Inc. (NASDAQ: UWSI) announced today that it has completed a public offering of $45 million aggregate principal amount of its 7.75 percent Subordinated Notes. The offering was co-managed by Robert W. Baird & Co. Incorporated and Dain Bosworth Incorporated.
 Approximately $24 million of the proceeds of the offering will be used to increase UWSI's equity investment in its United Wisconsin Insurance Company and United Wisconsin Life Insurance Company subsidiaries in order to increase their capital to support growth. The balance will be used for general corporate purposes, including possible strategic acquisitions.
 United Wisconsin Services, Inc. is a leading provider of managed health care services and employee benefits products, providing quality, cost-effective health benefits and services to employers. The operations consist of three health maintenance organizations marketed as Compcare, Dentacare, and Valley Health Plan; small group health care products sold and administered by American Medical Security; life, disability and workers' compensation products; and related products and services.
 -0- 7/13/93 R
 /CONTACT: Tom Luljak, director, corporate communications of United Wisconsin Services, 414-226-5756/
 (UWSI)


CO: United Wisconsin Services, Inc. ST: Wisconsin IN: HEA SU: OFR

MA -- MN017 -- 1302 07/14/93 10:33 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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