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                                   EXHIBIT 99





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                ACCELERATION OF CONTINUCARE'S SERIES A WARRANTS

         Continucare Corporation (AMEX:CNU) has announced today that pursuant
to the terms of that certain Series A Warrant Agreement, dated as of May 11,
1995 (the "Warrant Agreement"), between Continucare and Fidelity Transfer
Company (the prior Warrant Agent), the exercise period for each of
Continucare's issued and outstanding Series A Warrants (the "Warrants") has
been accelerated and set to expire on December 20, 1996 (the "Expiration
Date").  Accordingly, each Warrant not exercised on or before the Expiration
Date shall become void, and all rights thereto and all rights in respect
thereof under the Warrant Agreement shall cease on the Expiration Date.  A
Warrant may be exercised by the holder thereof by (i) surrendering a duly
executed Warrant to American Stock Transfer & Trust Company, 40 Wall Street,
New York, New York 10005, Attention: Reorg (the "Successor Warrant Agent"), and
(ii) submitting to the Successor Warrant Agent, in lawful money of the United
States of America, in cash or certified or bank check payable to the order of
Continucare, the price of $6.00 for each full share of common stock, par value
$.0001 per share (the "Common Stock"), of Continucare as to which the Warrant
is exercised.  A copy of Continucare's prospectus relating to the Common Stock
may be obtained from the Successor Warrant Agent.

         Continucare, based in Miami, Florida, develops and manages primarily
outpatient mental health and physical rehabilitative programs in five states,
including Florida.

         Contact:        Continucare Corporation
                         Charles M. Fernandez
                         (305) 350-7515





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