Healthcomp Evaluation Services Corporation Acquires Preventive Services Division of U.S. Healthworks

Healthcomp Evaluation Services Corporation Acquires Preventive Services Division of U.S. Healthworks

SARASOTA, Fla.--(BW HealthWire)--Oct. 4, 2000--Healthcomp Evaluation Services Corporation (Pink Sheets:HCEV), a national provider of health-related compliance services, today announced that the Company has acquired the Preventive Services Division of U.S. HealthWorks, Inc., a leading provider of clinic-based occupational health services, for total consideration of $3.0 million, of which $2.0 million was paid in cash at closing on September 21, 2000 with the balance to be paid in quarterly installments over the next twelve months.

The Preventive Services Division provides mobile audiometric and respiratory testing services, industrial hygiene and safety consulting and data processing and health evaluation services to a national client base. HESc specializes in the provision of data management services for employers' worker populations and furnishes substance abuse, worksite medical surveillance, and related employee health, wellness and screening services to corporate and government clients nationwide.

The companies also announced that they will enter into a strategic alliance whereby HESc will use U.S. HealthWorks' national network of occupational health clinics for fixed site services and will support on-site occupational health services to U.S. HealthWorks' customers through the Company's fleet of mobile testing vehicles.

Martin Clegg, the Company's President, stated, "We are tremendously excited about the acquisition of the Preventive Services Division which we believe will enable HESc to become the premier supplier of mobile occupational health services with a complete menu of services, systems and products that are not being offered by any other supplier on a national basis. With the addition of PSD's industrial hygiene and safety consulting business, we are well positioned to meet the evolving healthcare needs of our customers."

Commenting on the partnership with U.S. HealthWorks, Mr. Clegg, stated, "We believe that the alliance with U.S. HealthWorks will allow both companies to focus on their respective areas of expertise and will result in improved quality of service to our respective customers."

Note Regarding Private Securities Litigation Reform Act: This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that HESc files from time to time with the Securities and Exchange Commission.