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GREENERY REHABILITATION GROUP ANNOUNCES SALE OF ITS SEATTLE, WASHINGTON FACILITY

 NEWTON, Mass., Sept. 7 /PRNewswire/ -- Greenery Rehabilitation Group, Inc. (NYSE: GRG) today announced that it has entered a letter of intent to sell its 143 bed Seattle, Wash. rehabilitation and skilled nursing facility. The sale was negotiated on behalf of GRG by Horizon Healthcare Corporation (NYSE: HHC) under its current consulting agreement. The sale price is $5,025,000. The purchaser is Health and Rehabilitation Properties Trust (NYSE: HRP) which will lease this facility to Sun Healthcare Group, Inc. (NYSE: SHG).
 Upon announcing this transaction, a spokesman for GRG issued the following statement:
 "We are pleased with the sale because this will allow us to concentrate our marketing efforts at facilities having more clearly defined subacute programs. These marketing efforts have been increasingly successful in the last two quarters. Sun Healthcare Group successfully operates a number of facilities in Washington State and we expect that economies of administration expense will enable Sun to provide high quality care on a profitable basis at this facility."
 In August, 1993, GRG announced its agreement to merge into Horizon Healthcare Corporation. A GRG shareholders vote on the merger is now scheduled for Oct. 25, 1993. At the time the merger was announced HHC said it would consider divesting certain GRG facilities, and HHC has approved the sale of the Seattle facility announced today. The closing of this sale is subject to various conditions including health regulatory approvals, and is expected to occur on or about Nov. 1, 1993.
 GRG is headquartered in Newton, Mass. GRG operates 21 rehabilitation and skilled nursing centers which specialize in rehabilitation services to traumatic brain injured patients and other subacute, medically demanding nursing services. GRG's annualized revenues are approximately $190 million.
 -0- 9/7/93
 /CONTACT: Gerard M. Martin, chairman; or George M. Ferencik, president, both of Greenery Rehabilitation Group, Inc., 617-244-4744/
 (GRG HHC HRP SHG)


CO: Greenery Rehabilitation Group, Inc.; Horizon Healthcare
 Corporation; Health and Rehabilitation Properties; Sun Healthcare ST: Massachusetts, Washington IN: HEA SU:


CM-DJ -- NE006 -- 9254 09/07/93 10:23 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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