CONTACTS: David R. Fluhrer
Vice President-Communications
(516) 844-7590
olsten.comms@olsten.com
www.olsten.com
Anthony J. Puglisi
Senior Vice President
and Chief Financial Officer
(516) 844-7110
FOR IMMEDIATE RELEASE
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Melville, NY, April 24, 1998 -- Olsten Corporation (NYSE:OLS) announced today
that it has received notification from the United States Attorney's Office for
the Southern District of Florida that Olsten Corporation, Olsten Health
Management and Olsten Health Services are targets of a federal grand jury
investigation into possible violations of federal criminal laws. Olsten believes
this investigation focuses upon its relationship with Columbia/HCA Healthcare
Corporation in connection with the purchase, sale and operation of certain home
health agencies which are now owned by Columbia/HCA and managed under contract
by Olsten Health Management.
As previously disclosed by Olsten, the United States Justice Department and
various other federal and state agencies have been conducting investigations
into allegations of health care fraud on the part of Olsten and other health
care providers. Olsten has been cooperating with those investigations.
Olsten Corporation is a world leader in staffing services and North
America's largest provider of home health care and related services. Primarily
through Olsten Staffing Services, the Company operates more than 900 staffing or
information technology offices in North America, South America and Europe,
providing assignment employees to business, industry and government, as well as
services for the design, development and maintenance of information systems.
Through its Olsten Health Services subsidiaries, the Company's approximately 500
health care offices in the United States and Canada provide health care Network
Services and caregivers for home health care and institutions, home infusion and
other therapies, and, through Olsten Health Management, provide management
services to hospital-based home health agencies.