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                                                                    Exhibit 99.2

Friday January 28, 11:47 am Eastern Time

Company Press Release

PhyCor, Inc. Amends Bank Credit Facility

NASHVILLE, Tenn.--(BW HealthWire)--Jan. 28, 2000--PhyCor, Inc.
(Nasdaq/NM:PHYC - news) announced today that it has amended and restated its
bank credit facility. In November 1999, the Company announced that, as a result
of asset revaluation and restructuring charges recorded in the third quarter of
1999, it was not in compliance with certain of the financial covenants in its
bank credit facility and was negotiating with its lenders to amend the
agreement. The new credit agreement provides for an initial $355 million
commitment which reduces to a commitment of $200 million on June 30, 2002, and
terminates on September 30, 2002.

Joseph Hutts, PhyCor's chief executive officer said, "We are pleased to have
completed the amendment to our bank agreement resulting in a facility that
supports our growth strategies. We have had a long and satisfying relationship
with these institutions and appreciate their support. With our strong cash flow,
we expect to continue to reduce bank debt during the next couple of years."

PhyCor, Inc., headquartered in Nashville, Tennessee, operates physician groups,
manages physician networks, and provides health care decision support services
to consumers. The Company currently manages 42 medical groups with 2,735
physicians in 22 states, manages IPAs with approximately 24,000 physicians in 30
markets, and, through CareWise, Inc., provides healthcare decision support
services to over 3 million consumers worldwide.

This press release contains forward-looking statements based on management's
current expectations. As such, they involve risks and uncertainties that actual
results may differ materially from the expectations expressed in these
forward-looking statements because of a variety of factors. These factors
include the possibility of additional charges to earnings resulting from
restructurings of PhyCor's relationships with its physician groups, the impact
to earnings of the restructured agreements with our core clinics, IPAs and their
payors, the resolution of outstanding litigation and other issues discussed in
PhyCor's filings with the Securities and Exchange Commission

Contact:

     PhyCor, Inc., Nashville
     Joseph C. Hutts, 615/665-9066
     Howard D. Jewell, 615/665-9066
     Shawn Carder, 615/665-9066
     http://www.phycor.com