Exhibit 99


Thursday November 2, 9:09 am Eastern Time

Press Release

SOURCE: Everest Healthcare Services Corporation

Everest Healthcare to Be Acquired by Fresenius Medical Care

OAK PARK, Ill, Nov. 2/PRNewswire/ -- Everest Healthcare Services Corporation,
the nation's sixth-largest provider of dialysis and other blood treatment
services, today announced it has reached a definitive agreement to be acquired
by Lexington, Mass.-based Fresenius Medical Care North America (FMCNA), the
North American operations of Fresenius Medical Care AG (NYSE:FMS, FMS_p;
Frankfurt: FME, FME3) in a cash and stock transaction valued at approximately
$343 million.  The merger, which is subject to regulatory approval, is expected
to close by the end of the year.

Bad Homburg, Germany-based Fresenius Medical Care is the world's largest kidney
dialysis company engaged in providing dialysis care and manufacturing dialysis
products and equipment. Fresenius Medical Care recorded revenues of $3.8 billion
in 1999 and over $3.1 billion for the first nine months of 2000. Nine-month net
income rose 23 percent to $153 million. Approximately 73 percent of revenues
were derived from the North American operations. The combined entity will
operate over 950 clinics throughout the United States, serving more than 70,000
patients.

"We are very excited to announce this merger, which is consistent with our
objectives," commented Craig W. Moore, Everest's chief executive officer.  "Our
mission has been to provide the highest quality of services and to recruit and
develop the best people while profitably expanding our business.  Fresenius
Medical Care possesses the financial and organizational resources to meet these
objectives much more quickly than if we remained an independent company."

Ben Lipps, chairman and chief executive officer of Fresenius, stated, "Closing
this merger will be the capstone to a year of tremendous progress for Fresenius
Medical Care.  The merger with Everest will enhance the ability of the combined
companies to set superior standards in renal patient care through a commitment
to develop innovative dialysis products and therapies.  We join the employees of
Everest to fulfill our promise of further improved outcomes for our patients
which is our paramount measure of success."

Moore confirmed that transition plans are underway and that other senior
management will assist in the transition.  "I am pleased that I will leave
Everest's patients and employees in the best of hands," Moore said.  "High-
quality, cost-efficient patient care provided by a professional, well-trained
staff is the mandate of both Everest and Fresenius Medical Care.  Together we
will form an organization that is committed to implementing strategies to
improve the quality of patient care."




Deutsche Banc Alex. Brown acted as exclusive financial advisor to Everest
Healthcare Services Corporation and rendered a fairness opinion to the Everest
Board of Directors in connection with this transaction.

Everest Healthcare Services Corporation is the nation's sixth-largest provider
of chronic dialysis outpatient services and serves approximately 6,800 patients
through 73 facilities in 11 states. In addition to its outpatient dialysis
operations, the company provides acute dialysis services through contractual
relationships with 29 hospitals in four states. Everest also contracts with 80
hospitals in 12 states to provide a broad range of other extracorporeal blood
treatment services, perfusion, apheresis and auto-transfusion.

Fresenius Medical Care AG is the world's largest integrated provider of products
and services for individuals with chronic kidney failure, a condition that
affects more than 1,000,000 individuals worldwide. Through its network of over
1,200 dialysis clinics in the United States, Europe, Latin America and Asia-
Pacific, Fresenius Medical Care provides dialysis treatment to almost 88,000
patients around the globe. Fresenius Medical Care is also the world's leading
provider of dialysis products such as hemodialysis machines, dialyzers and
related disposable products. For more information about Fresenius Medical Care
visit the company's new website at http://www.fmc-ag.com.

For more information regarding Everest Healthcare Services Corporation, free of
charge via fax, simply dial 1-800-PRO-INFO and enter "EHC9."