CareCentric Announces Release of New & Improved STAT CACHÉ 5.5

CareCentric provides current STAT 2 billing and operations system usersa cost-effective, high performance system conversion option

Atlanta, GA (July 3, 2003) CareCentric, Inc. (OTC BB: CURA.OB), a leading provider of management information systems to the home health care community, today announced the release of STAT CACHÉ 5.5, a new multidimensional database system that will provide current CareCentric STAT 2 users with a dramatic increase in system performance and the ability to use the latest operating system technologies including Microsoft W2000 and XP.

"We are very excited about STAT CACHÉ 5.5," said John Festa, President and CEO of CareCentric. "While CareCentric’s STAT 2 home health care management system continues to be a proven, reliable solution, meeting all PPS and HIPAA regulatory requirements, we wanted to provide our customers with a way to make an easy, affordable transition into the latest operating system technologies. STAT CACHÉ 5.5 enables STAT 2 users to retain uninterrupted use of STAT 2’s comprehensive, billing and operations functionality with a dramatic increase in system performance and reporting capabilities."

"The increased performance in STAT CACHÉ 5.5 is unbelievable," said Kevin Bailey, Director of Information Systems at Pro-Care Home Health Inc, a STAT 2 CACHÉ beta test site. "We have experienced dramatic system processing improvements across the board. For example, payroll processing and Crystal reports have been reduced from minutes to seconds." Mr. Bailey added, "System administration in general is much easier now using Windows. Printers can be activated on line without any interruption to the system. We made the decision to upgrade our server with the conversion and are extremely pleased with the results."

STAT CACHÉ 5.5 runs on Microsoft 2000 and XP. Built-in SQL capability provides users with immediate access to 3^rd party report generating tools such as Microsoft Access, Crystal Reports, ReportSmith, and Microsoft Excel. Easy access to these tools enable users to monitor, analyze and report on critical business operating factors both in real and historical time or ad hoc without incurring additional third-party SQL costs.

STAT CACHÉ 5.5 and STAT 2 will continue concurrent development of enhancements and regulatory requirements including all HIPAA related standards. This option represents CareCentric’s continued commitment to all customers regardless of their decision to upgrade to STAT CACHÉ at this time or not.

Pro-Care Home Health, Inc. provides home care services in six locations covering nine counties throughout Western Kentucky. The corporate office is located in Hartford, Kentucky. Pro-Care Home Health uses the STAT 2 CACHÉ 5.5 advanced clinical, financial and operational software with optional payroll, electronic billing, electronic remittance advice modules. In addition, CareCentric provides Pro-Care with over 30 point of care PDA devices designed to link clinical outcomes from the field.

CareCentric provides information technology systems and services to over 2,000 customers. CareCentric provides freestanding, hospital-based and multi-office home health care providers (including skilled nursing, private duty, home medical equipment and supplies, IV pharmacy and hospice) complete information solutions that enable these home care operations to generate and utilize comprehensive and integrated financial, operational and clinical information. With offices nationwide, the company is headquartered in Atlanta, Georgia.

Note regarding Private Securities Litigation Reform Act: Statements made in this press release which are not historical facts, including projections, statements of plans, objectives, expectations, or future economic performance, are forward looking statements that involve risks and uncertainties and are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The Company's future financial performance could differ significantly from that set forth herein, and from the expectations of management. Important factors that could cause the Company's financial performance to differ materially from past results and from those expressed in any forward looking statements include, without limitation, the inability to obtain additional capital resources, variability in quarterly operating results, customer concentration, product performance and acceptance, long sales cycles, long and varying delivery cycles, the Company's dependence on business partners, emerging technological standards, risks associated with acquisitions and the risk factors detailed in the Company's Registration Statement on Form S-4 (File No. 333-96529) and from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.