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                                                                    Exhibit 13.3


                    REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

To The Board of Directors of
Meadox Medicals, Inc.:

We have audited the accompanying consolidated statements of income and retained
earnings and cash flows of Meadox Medicals, Inc. (a New Jersey corporation) and
subsidiaries for the year ended December 31, 1994. These financial statements
are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the results of operations and cash flows of Meadox
Medicals, Inc. and subsidiaries for the year ended December 31, 1994, in
conformity with generally accepted accounting principles.

ARTHUR ANDERSEN LLP

New York, New York
May 15, 1995