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UNITED WISCONSIN SERVICES FILES REGISTRATION FOR PUBLIC OFFERING

 MILWAUKEE, March 18 /PRNewswire/ -- United Wisconsin Services, Inc. (NASDAQ: UWSI) today announced it has filed a registration statement with the Securities and Exchange Commission for the sale of 2,315,000 shares of Common Stock. Of this amount, 1,000,000 shares will be offered by the Company, 1,000,000 shares by Blue Cross & Blue Shield United of Wisconsin and 315,000 shares by United Wisconsin Services Foundation, Inc. (the Foundation). The Foundation will receive its shares as a contribution from Blue Cross & Blue Shield United of Wisconsin immediately prior to the offering. The Company will use the proceeds of this offering for general corporate purposes, including supporting the growth of its businesses, and for possible entry into additional geographic areas and related lines of business through strategic acquisitions.
 Donaldson, Lufkin & Jenrette Securities Corporation, Dean Witter Reynolds Inc., Dain Bosworth Incorporated and Robert W. Baird & Co. Incorporated will co-manage the offering.
 The Company and Blue Cross & Blue Shield United of Wisconsin have granted the underwriters an option for 30 days to purchase up to an additional 347,250 shares, solely to cover over-allotments.
 United Wisconsin Services, Inc. is a leading provider of managed care services and employee benefit products, providing quality, cost- effective health benefits and services to employers through its: three health maintenance organizations; small group health care products; life, disability and workers' compensation products; and related products and services.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/18/93
 /CONTACT: Tom Luljak, director, corporate communications, for United Wisconsin Services, 414-226-5756/
 (UWSI)


CO: United Wisconsin Services, Inc. ST: Wisconsin IN: MTC INS SU:

KH -- MN014 -- 7677 03/18/93 17:35 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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