COLUMBUS, Ohio, Aug. 20 /PRNewswire/ -- Banc One Capital Corporation of
Columbus, Ohio, and Cain Brothers of New York City today announced that they
have formed a strategic alliance.  Cain Brothers is a leading investment
banking and financial advisory firm servicing the health care industry.  An
affiliate of Banc One Capital has made an investment in Cain Brothers as
evidence of its commitment to the health care industry and to increase its
presence in that arena.  Working together both parties can significantly
expand their business.  In addition, another Banc One entity will invest in a
newly formed venture capital fund, being created by Cain Brothers to focus on
investments in the health and medical industry.  This strategic alliance will
provide both firms with opportunities to explore further enhancements to each
other's investment services, to the benefit of their health care industry
clients.
    Founded in 1982, Cain Brothers has offices in New York, Chicago, Houston
and San Francisco.  The privately-owned firm is a full service investment bank
with core business lines focusing on corporate finance, securities
underwriting and placements, and real estate finance for the health care
industry.  It is among the leading investment banks in hospital mergers and
acquisitions.  Clients include hospitals, physician group practices, managed
care companies, long-term care facilities and laboratory/diagnostic companies.
The firm will continue to do business as Cain Brothers and will be managed by
Dan and Jim Cain, and the other active principals.
    Banc One Capital Holdings Corporation, the parent company of Banc One
Capital, is the investment and merchant banking arm of BANC ONE CORPORATION
(NYSE: ONE).  Banc One Capital Holdings Corporation has been expanding its
capabilities to serve target segments through strategic alliances, joint
ventures, and internal growth.  Through its various merchant banking funds,
investment banking operations, and strategic partnerships, the firm expects to
add to its health care investments and strategically grow its health care
client base.
    "Cain Brothers represents an expansion of Banc One Capital Corporation's
health care business with very capable, high-integrity individuals who possess
wide-ranging health care investment banking skills," said David Meuse,
chairman and chief executive officer of Banc One Capital Holdings Corporation.
"This strategic alliance will add significantly to our efforts to expand our
health care business consistent with industry trends.  Cain Brothers is a
nationally recognized leader in providing investment banking services to
health care providers.  Dan and Jim Cain and the rest of the staff are among
the most knowledgeable and experienced professionals in this business.  We are
excited about the opportunities this alliance provides."
    Dan Cain, a founding principal of Cain Brothers, said, "Our strategic
affiliation with Banc One Capital is yet another example of financial service
companies coming together to better address changing client needs.  As our
health care industry enters a decade of greater social accountability and
competition, providers must understand and utilize the full spectrum of
capital market services in addition to conventional tax-exempt financing.
Together, we can better design asset-liability management strategies which
incorporate today's reimbursement environment and credit agency attitudes."
    Banc One Capital Corporation is an affiliate of BANC ONE CORPORATION.
BANC ONE had total assets of $115.5 billion and common equity of $9.7 billion
at June 30, 1997.  BANC ONE currently operates approximately 1,500 offices in
12 states.  BANC ONE also owns several additional corporations that engage in
a full range of financial services.  Information about BANC ONE's financial
results and its products and services can be accessed on the Internet at:
http://www.bankone.com and through InvestQuest at http://www.investquest.com
or Fax-on-demand: 614-844-3860

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