Hooper Holmes Strengthens Market Presence in Southeast With Proposed Acquisition of Medical Examination Data, Inc.

Apr 24, 2001, 01:00 ET from Hooper Holmes, Inc.

    BASKING RIDGE, N.J., April 24 /PRNewswire/ -- Hooper Holmes, Inc.
 (Amex:   HH) today announced that it has entered into an agreement to acquire
 Raleigh, North Carolina-based Medical Examination Data, Inc.  The transaction
 is consistent with the Company's strategy of strengthening its presence in key
 growth markets and expanding its core paramedical business.  Terms of the
 agreement were not disclosed.
     Medical Examination Data, established twenty years ago, is the leading
 full-service provider of health information services for the life and health
 insurance industry in North Carolina.  The Company provides paramedical
 examinations services through its Raleigh and Wilmington branch offices.  The
 company has a proven track record of success and generates revenues of
 $3 million on an annualized basis.
     Jim McNamee, Chairman and Chief Executive Officer, stated, "This
 acquisition firmly establishes our presence in the Southeast region, a
 significant market in the national health and life insurance industry.  We are
 confident that our proven expertise in integrating acquisitions will result in
 immediate earnings accretion and operating efficiencies.  In addition, after
 acquiring eight companies in 2000, we continue to see many opportunities to
 consolidate the highly fragmented paramedical exam market and intend to
 utilize our healthy balance sheet to further solidify our leading position
 selectively and strategically."
 
     Hooper Holmes, Inc. provides health information services on insurance
 policy applicants to the life insurance industry.  The Company provides these
 health information services through over 300 locations nationwide.
 
     Certain information contained herein includes information that is
 forward-looking.  The matters referred to in forward-looking statements may be
 affected by the risks and uncertainties involved in the Company's business.
 These forward-looking statements are qualified in their entirety by cautionary
 statements contained in the Company's Securities and Exchange Commission
 filings.
 
 

SOURCE Hooper Holmes, Inc.
    BASKING RIDGE, N.J., April 24 /PRNewswire/ -- Hooper Holmes, Inc.
 (Amex:   HH) today announced that it has entered into an agreement to acquire
 Raleigh, North Carolina-based Medical Examination Data, Inc.  The transaction
 is consistent with the Company's strategy of strengthening its presence in key
 growth markets and expanding its core paramedical business.  Terms of the
 agreement were not disclosed.
     Medical Examination Data, established twenty years ago, is the leading
 full-service provider of health information services for the life and health
 insurance industry in North Carolina.  The Company provides paramedical
 examinations services through its Raleigh and Wilmington branch offices.  The
 company has a proven track record of success and generates revenues of
 $3 million on an annualized basis.
     Jim McNamee, Chairman and Chief Executive Officer, stated, "This
 acquisition firmly establishes our presence in the Southeast region, a
 significant market in the national health and life insurance industry.  We are
 confident that our proven expertise in integrating acquisitions will result in
 immediate earnings accretion and operating efficiencies.  In addition, after
 acquiring eight companies in 2000, we continue to see many opportunities to
 consolidate the highly fragmented paramedical exam market and intend to
 utilize our healthy balance sheet to further solidify our leading position
 selectively and strategically."
 
     Hooper Holmes, Inc. provides health information services on insurance
 policy applicants to the life insurance industry.  The Company provides these
 health information services through over 300 locations nationwide.
 
     Certain information contained herein includes information that is
 forward-looking.  The matters referred to in forward-looking statements may be
 affected by the risks and uncertainties involved in the Company's business.
 These forward-looking statements are qualified in their entirety by cautionary
 statements contained in the Company's Securities and Exchange Commission
 filings.
 
 SOURCE  Hooper Holmes, Inc.