CORAL GABLES, Fla., April 1 /PRNewswire/ -- Ramsay Managed Care, Inc.
(Nasdaq: RMCR) today announced that it had completed the sale of its HMO
Division, Apex Healthcare, Inc. to an established healthcare provider for a
purchase price of $4.35 million.
    Paul J. Ramsay, Chairman of the Board, commented "We are very pleased with
the completion of the sale of Apex Healthcare, Inc.  The sale is consistent
with our future strategy and will allow the company to concentrate on its
current business and other synergistic opportunities."
    Ramsay Managed Care, Inc. operates a long established business in the
management of mental health services and substance abuse programs on behalf of
self insured employers, health maintenance organizations (HMOs), and
governmental agencies in various states.  The Company yesterday announced that
it will hold a Special Meeting of Stockholders on April 18, 1997 for the
purpose of obtaining stockholder approval of its previously announced merger
with Ramsay Health Care, Inc.

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